Mogo Finance announces changes to Board composition

Riga, Latvia, 25 July 2018. Mogo Finance and its group companies (the “Group”), specialized in used car financing, announce changes to the Board of Directors. Caroline Goergen, lnna Horner, and Liviu Rusu are resigning from their positions as Directors to pursue other interests effective as of as of 25 July 2018. Maris Kreics, Sebastian Koller, and Daniela Roca join the Board of Directors from 25 July 2018 and for a period ending at and including the date of the annual general meeting of the Company to be held in 2022. They have extensive experience in boards of public companies.

Edgars Egle, CEO of the Group, commented:

“On behalf of the board, I would like to thank Caroline, Inna, and Liviu for all their contributions to the successful development of Mogo Finance. We wish them the very best for their professional and private future.”
“We are specifically delighted that Maris has agreed to take on this role and can already look back on a successful track record with him in his role as Group CFO driving Mogo Finance forward. We also welcome Sebastian Koller and Daniela Roca to the Board.”

Mogo Finance (CFO)
Maris Kreics
    maris.kreics@mogofinance.com
    +371 66 900 900

Aalto Capital
Manfred Steinbeisser +49 89 89867770
Email: manfred.steinbeisser@aaltocapital.com

 

Notes to Editors:

Mogo Finance is one of largest and fastest growing secured used car financing companies in Europe. Recognizing the niche in used car financing underserved by traditional lenders, Mogo Finance has expanded its operations to 10 countries issuing over EUR 250 million up to date and running a net loan portfolio over EUR 120 million. Mogo offers secured loans up to EUR 10 000 with maximum tenor of 72 months making used car financing process convenient, both for its customers and partners. Wide geographical presence makes Mogo unique over its rivals and diversifies revenue streams.

Mogo Finance operates through its own branch network, more than 2 000 partner locations and strong online presence. Physical footprint makes Mogo Finance top of mind brand in used car financing. Established in 2012, headquartered in Riga, Latvia and operates in: Latvia, Estonia, Lithuania, Georgia, Poland, Romania, Bulgaria, Moldova, Albania, Belarus.
www.mogofinance.com.

 

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