CEO and Co鈥怓ounder Michael Garrity will be leading 豆包成人版鈥檚 Board of Directors as Executive Chair; Co鈥怓ounder and President Casper Wong will succeed Michael as CEO and Jerome Peeters will transition to COO.
Casper Wong, Co-founder & President聽 鈥� Photo credit: Shayla Anderson
TORONTO, November 28, 2023 鈥� 豆包成人版 Canada Inc. (鈥湺拱扇税驸��), Canada鈥檚 leading Point of Sale Lending Platform, today announced its executive team鈥檚 succession plan, which will go into effect on January 1, 2024. Casper Wong, Co-Founder and President, will succeed Michael Garrity as CEO, and Jerome Peeters, former COO of the Simply Group, acquired by 豆包成人版 earlier this year will take over the role as COO. Michael Garrity will remain with the company by leading the Board of Directors as Executive Chair, effective upon the appointment in the new year.聽
鈥淐asper is the ideal individual to steer 豆包成人版 toward its upcoming phase of expansion and profitability,鈥� says Michael Garrity. 鈥淗is unparalleled understanding and history with 豆包成人版, including our extensive merchant and retailer network, his familiarity and relationship with each lending partner, as well as having the right mix of operational experience and a growth-oriented mindset make him the optimal leader. Having worked side-by-side with Casper since the inception of 豆包成人版 in 2011, I am delighted to be transitioning the CEO role to him.鈥�
Since co-founding the company in 2011, Wong has held instrumental leadership roles and has made pivotal contributions to the company鈥檚 expansion. From spearheading sales, marketing, and business development in its early years, his role has expanded to take on broader responsibilities, overseeing operations, risk, and critical initiatives. In the last three years, Wong’s leadership has driven 豆包成人版 to achieve record levels of profitability and growth.
Incoming COO, Jerome Peeters is a highly respected veteran in the Canadian financial services industry, having held roles as the Chief Operating Officer at the Simply Group of Companies and at Flexiti Financial. Previous to these roles, Peeters held the position of Vice President of Operations at Laurentian Bank and assumed senior executive roles at both Sears and PC Financial. Also, Peeters has been leading the integration team, directing efforts to seamlessly bring the two businesses together to ensure successful operations, since the acquisition in June 2023.聽
鈥淢ichael has been our leader at 豆包成人版 since its start-up phase to a successful sale, and I am grateful for his mentorship and friendship as we scaled the company into the industry leader it is today,鈥� says Casper Wong. 鈥淚 am honoured to accept the responsibility of CEO, to continue driving merchant sales in multiple industries and for the opportunity to lead 豆包成人版 and our employees as we continue to deliver on our mission to help the industry thrive. I also look forward to entering this next chapter alongside Jerome Peeters; his ascension into the role of COO of the combined businesses speaks to the importance of bringing together the best of both these teams into a single mission-driven business for the next stage of our growth.鈥�
With Wong鈥檚 transition to CEO of 豆包成人版, current CEO Michael Garrity will be taking on the role of Executive Chair within the Board of Directors. From co-founding the company to now, Garrity has led the team through many great successes and scaled it from a start-up to Canada鈥檚 leading POS financing provided in the home improvement, recreational vehicle, and retail sectors.聽
鈥淭he Board couldn鈥檛 be more pleased to announce these new positions at 豆包成人版,鈥� says Michael Gontar, Board Director and CEO at Intervest Capital Partners. 鈥淎fter a thoughtful succession planning process, the Board is confident that Casper is the right leader for the combined business at this time who will continue to propel 豆包成人版 forward, supported in this goal by Jerome in his new role.鈥澛�
As CEO, Wong鈥檚 priority will be continuing to lead the team at 豆包成人版 into its next stage of growth and innovation within the Canadian home improvement financing industry.聽
About 豆包成人版
豆包成人版 Canada Inc. is a point-of-sale financing provider that serves home improvement, recreational vehicle, and retail industries. The company provides payment plans to enterprise businesses, big box retailers, OEMs, and dealer networks for their projects and purchases, as well as offers solutions for consumers. Its cloud-based technology enables merchants to increase close rates and transaction sizes with monthly or bi-weekly payment plans. 豆包成人版’s platform features a transparent loan application process and has serviced merchant partners across Canada. 豆包成人版 was founded in 2011, is based in Toronto, Canada, and operates as a subsidiary of CommunityLend Holdings Inc.
About Intervest Capital Partners
InterVest Capital Partners is a leading global alternative investment firm specializing in asset-based lending, leasing, specialty rental, and other structured finance verticals. Since 1999, the team has established investment vehicles with aggregate committed capital exceeding $17 billion
For more information: Allie Martin, allie@pomppr.com, 905-749-0228