ASA International Group PLC Appointment of Karin Kersten as CEO (9177C)
16 Junho 2023 - 3:00AM
UK Regulatory
TIDMASAI
RNS Number : 9177C
ASA International Group PLC
16 June 2023
Press Release
ASA International Group plc reports appointment of Karin Kersten
as CEO
London, United Kingdom / Amsterdam, The Netherlands, 16 June
2023 - ASA International Group plc ('ASA International', the
'Company' or the 'Group'), one of the world's largest international
microfinance institutions, today announces the appointment of Ms
Karin Kersten as CEO of the Group as of 15 June 2023.
In line with the announcement by the Company on 24 February
2023, Mr. Dirk Brouwer, Co-Founder of ASA International stepped
into a new role as of 15 June 2023.
After the AGM on 15 June 2013 the Board approved the appointment
of Karin Kersten as CEO along with the appointment of Dirk Brouwer
as (i) Deputy Chairman of the Board of ASA International and (ii)
Special Adviser to the new CEO, the Executive Committee and the
broader management team.
In his new role, the Company expects Dirk to (a) smoothen the
path of transition and (b) support the new leadership going
forward. In this capacity the Board fully expects Mr. Brouwer to
continue to make a significant contribution to the strategic and
operational development of the business for the foreseeable
future.
At the AGM, the Shareholders also approved the appointment of
Chris Low as Non-Executive Director (following his appointment to
the Board on 1 February 2023). Chris has been appointed as Chair of
Audit and Risk Committee as of 15 June 2023.
Gavin Laws retired as Non-Executive Director having joined the
Board of ASA International on 22 January 2013.
Guy Dawson, Chairman of the Board, comments:
"As a Board, we congratulate Karin on her appointment as CEO of
the Company. I am confident that we have the leadership in place to
enable ASA International to continue to thrive in a turbulent
world. Serving close to 2.5 million female clients, the Company is
a strong advocate of female entrepreneurship. With Karin at the
helm of our Company, we will further drive female leadership and
diversity in our organisation."
"I would like to extend my gratitude to Dirk, being the
co-founder of the Company, for his leadership and drive to build
and grow the Company into one of the leading international
microfinance institutions, as well as for his continued commitment
to the Company in his new role."
"Gavin Laws will be retiring after ten years of service. We are
sincerely grateful to Gavin for his steadfast and skilful
contribution to the Board and wish him every success in his second
retirement. We are fortunate to welcome in his stead Chris Low, who
brings a wealth of relevant experience to the role of Non-Executive
Director and Chairman of the Audit and Risk Committee."
This announcement contains information that qualified or may
have qualified as inside information and is disclosed in accordance
with the Market Abuse Regulation (EU) 596/2014 (as it applies in
the UK pursuant to the European Union (Withdrawal) Act 2018)
('MAR').
Enquiries:
ASA International Group plc
Investor Relations
Mischa Assink ir @asa-intenational.com
About ASA International Group plc
ASA International Group plc (ASAI: LN) is one of the world's
largest international microfinance institutions, with a strong
commitment to financial inclusion and socioeconomic progress. The
company provides small, socially responsible loans to low-income,
financially underserved entrepreneurs, predominantly women, across
South Asia, South East Asia, West and East Africa.
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END
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June 16, 2023 02:00 ET (06:00 GMT)
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