CrowdProperty has appointed former ThinCats chief John Mould as non-executive chair, as part of a boardroom reshuffle to support its grown plans.
The peer-to-peer residential property development lender named Mould (pictured) as non-executive director last year but has now promoted him to the chair role.
CrowdProperty also announced that co-founder Simon Zutshi has taken on “a board observer role as a major shareholder”, so that he can focus on the growth of his Property Investors Network that he sold to Genius Group last month.
He is no longer a director of CrowdProperty, according to a document filed with Companies House.
The Birmingham-based firm also announced that it has a recruitment mandate out in the market find an experienced chief financial officer to further strengthen the executive team and board.
Earlier this month, CrowdProperty unveiled the return of former Allica Bank chief Mark Stephens as non-executive director.
He worked for CrowdProperty for around six months during 2016 in a non-executive role.
“Despite having surpassed the £100,000,000 lent milestone, we’re still at the start of what CrowdProperty can achieve in this market against a mission of unlocking the power of small- and medium-sized enterprise property developers in the UK – to build more homes, increase spend in the UK economy and ever more efficiently and effectively match the supply and demand of capital for the benefit of all,” said chief executive Mike Bristow.
“These board changes reflect our major ambitions as we develop and execute against our three-year strategy which will transform the scale and significance of the business.”