Trending
A red, white, and black flag with a white background.

Home Capital replaces CEO Martin Reid

Silhouette of a businessman walking down the steps of a building.

Mortgage lender Home Capital has terminated the employment of its president and chief executive Martin K. Reid.

In an announcement, the firm says that the move is immediate and includes the removal of Mr Reid from its board of directors and that of its subsidiaries including Home Trust.

Bonita J. Then has been named interim president and CEO while a search begins to hire a permanent replacement.

“Home Capital requires leadership that can bring to bear a renewed operational discipline, emphasis on risk management and controls, and focus on improving performance,” said Kevin P.D. Smith, Chair of the Board of Directors.

He added “Our goal is to identify the right leader for the Company as soon as possible. In the meantime, we will continue to execute on our strategy under the supervision of Bonita Then, a longtime director who is an experienced executive in her own right, and the rest of our experienced management team.”

About the Author

Steve Randall has more than three decades of media experience encompassing online, newspapers, magazines, radio, and podcasts. He focuses on insights and news for professionals in finance, real estate, and legal services. Steve writes for multiple Key Media titles in Canada, United States, Australia, and New Zealand. LinkedIn | Email

Post a Comment

Related Articles

The British Columbia government is undertaking significant legislative amendments to bolster protections for renters and landlords in the province. It aims to support tenants dealing...

Recent market expectations have significantly shifted towards anticipating greater cuts by the Bank of Canada (BoC). Earlier this year, markets were projecting only a 0.25%...

Most Trending News

The British Columbia government is undertaking significant legislative amendments to bolster protections for renters and landlords in the province. It aims to support tenants dealing...

Recent market expectations have significantly shifted towards anticipating greater cuts by the Bank of Canada (BoC). Earlier this year, markets were projecting only a 0.25%...

Investing in Grande Prairie real estate offers significant advantages. With its thriving economy, steady job growth, picturesque surroundings, and affordable real estate, the city appeals...