GROWTH Street co-founder Greg Carter is to be replaced as chief executive.
An unexpected announcement by the peer-to-peer business lender, just weeks after layoffs and a business restructure was announced, revealed Carter (pictured) will take on a new role as strategic adviser to the board.
The platform is now seeking a new chief executive. In the meantime, Kim Goetzke – previously Growth Street’s operations director – has been promoted to chief operating officer and will assume most of Carter’s day-to-day role during this interim period.
Carter’s other responsibilities will be absorbed into the wider senior leadership team during the interim.
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“We cannot thank Greg Carter enough for the role he has played in establishing and bringing Growth Street to this point,” Thomas Hoegh, co-founder of Growth Street and Arts Alliance Advisors, said.
“He should be incredibly proud of his remarkable achievements to date – the business is well positioned with a highly regarded lending product, backed by exceptional analytics, a strong team, and strong financial resources.
“We are especially grateful that Greg will remain with the business in an advisory capacity as we embark on the next chapter of our growth.
“We are confident that the bold changes that have been made across the business will make us a leading funder for small- and medium-sized enterprises.”
There was no comment from Carter on the announcement.