Mark Brunault is stepping down as chief executive of CapQuest following eight years at the helm of the debt purchaser.
He will be replaced by Helen Ashton, who joined the firm in May this year as chief financial officer.
A statement issued by CapQuest credited Brunault with overseeing a twelvefold growth in company revenue and building the debt purchase business from a start-up to managing consumer portfolios with a face value of around ?3bn.
Brunault also led the firm through a recent strategic review resulting in the closure of two offices, as well as a multi-million pound investment in infrastructure, data, back office management and operational re-engineering.
Capquest stated that Brunault?s exit was always part of the long term strategic plan for the firm and that after building up the business from small beginnings, he will now allow his predecessor to take the company to the next level. Credit Today understands that Brunault will now be spending time with his family and that he has no immediate plans to join another company in the consumer credit industry.
?It has been an exciting and rewarding eight years with CapQuest and I am proud of what we have achieved together as a team,? Brunault said.
?Helen is a dynamic leader with broad experience in the consumer finance space. During the past six months transition CapQuest has benefitted from Helen?s strong commercial acumen, sector expertise and outstanding skills in financial planning and control. I have no doubt that under her leadership the business will continue to develop and grow?.
CapQuest?s chairman John Connolly thanked Brunault for his hard work and commitment to the firm, and wished him well for the future.
He said: ?Mark has been a tremendous asset to the business and been instrumental in developing one of the UK?s leading debt management firms. He has been an exceptional leader, a strong driver of business results and a consummate team player, having led the recruitment of an excellent senior management team in recent months. Having created the platform for growth Mark?s vision has been achieved and it is now the right time for Helen to take on the next phase of the transformation.?
Source: http://www.credittoday.co.uk/article/14561/online-news/brunault-steps-down-as-capquest-ceo
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