After serving as the Group CEO of Cim Finance for eight years, Mark van Beuningen has indicated his desire to take a new direction in his career. He will leave his role on March 31st and will be succeeded by Ambrish Maharahaje, the Group COO, who will serve as the interim CEO while the Board of Directors searches for a permanent replacement.
Mark van Beuningen joined the Cim Group in 2016 as the Managing Director and was appointed as the Group CEO and a member of the Cim Finance Board of Directors the following year. Under his leadership, Cim Finance experienced steady growth and strengthened its position as a market leader in consumer credit. Despite the challenges posed by the pandemic, the company maintained its commitment to improving the lives of its clients, developing solutions tailored to various socio-economic circumstances, and facilitating the growth of small and medium-sized enterprises (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, exceptional leadership, and the progress made by Cim Finance. We wish him all the best in his future endeavors,” stated Aisha Timol, Chairperson of the Cim Finance Board of Directors. “I have the utmost confidence in the future of our company. We are guided by strong social and environmental values and driven by the belief that our mission extends beyond our ability to offer loan and financing solutions.”
The Board of Directors expresses full confidence that the transition under the leadership of Ambrish Maharahaje will be smooth. Ambrish joined the Cim Group in 2014 and has been serving as the COO since December 2019. During this transition period, Cim Finance is committed to continuing its unwavering efforts to create value for its shareholders and all stakeholders, the statement concluded.