Andy Haste, who was named chairman of Wonga last Monday, told The Telegraph that he had written to the leader of the Church of England to request his own meeting to discuss his views, and to show how the company is changing.
Mr Haste was appointed in the wake of the departure of Errol Damelin, the company’s founder and former chief executive, and Niall Wass, his successor. It followed a turbulent period for the company, which last month was forced to apologise after it emerged it had sent fake legal letters to 45,000 customers over a two-year period, demanding repayment of overdue loans.
Mr Haste said that he wanted to engage with Wonga’s critics, and had “sent out a number of letters”, but admitted he has yet to hear back from Lambeth Palace.
“It’s all about engagement, and then it’s about sustainability [of the business] and scalability.” After his appointment, Mr Haste set out six aims designed to revive and refocus the business in the wake of its recent problems, and the new interest cap proposed by the City regulator last Tuesday.
In his interview with The Telegraph, Mr Haste also disclosed that he has appointed head hunter Egon Zehnder to find a new chief executive for the company.
Until that search is complete, he will work as executive chairman, stepping back to a non-executive role in due course.
He also said that, as well as his £500,000-a-year salary – which will fall to £300,000 when he becomes non-executive – he was negotiating a package of share options with the company’s board to benefit from future growth.
more

{ 0 comments... » Wonga chairman extends olive branch to Church of England read them below or add one }
Post a Comment