Port Louis, 11 January 2024: After eight years as Group CEO of Cim Finance, Mark van Beuningen has indicated his intention to give a new direction to his career. He will depart from Cim Finance on March 31 and give way to Ambrish Maharahaje, Group COO, who will act in the interim, while the Board of Directors appoints a successor.
Mark van Beuningen joined the Cim Group in 2016 as Managing Director. The following year he was appointed Group CEO and as a board member of Cim Finance. Under his leadership, Cim Finance experienced sustained growth and consolidated its position as a leader in the consumer credit market. Faced with COVID-19 challenges, the company has maintained its commitment to improving the lives of its customers, by developing solutions adapted to different socio-economic situations, and facilitating the growth of SMEs. Cim Finance also became the first company to issue a green bond.
“On behalf of the Board of Directors, I would like to thank Mark for his dedication, his remarkable leadership and the progress made by Cim Finance, and wish him the best in his future endeavours,” said Aisha Timol, Chair of the Board of Directors of Cim Finance. “I have the greatest confidence in the future of our company. We are guided by strong social and environmental values and driven by the conviction that our mission goes beyond our ability to offer lending and financing solutions.“
The Board of Directors says it is fully confident that the transition, placed under the responsibility of Ambrish Maharahaje, will go smoothly. Ambrish joined the Cim group in 2014 and has served as COO since December 2019. During this transition period, Cim Finance will resolutely continue to create value for its shareholders and for all of its stakeholders, specifies the communique.
