Heritage Building Society Establishes Chief Operating Officer Role

Heritage Building Society has made a significant addition to its senior management structure by establishing the new position of Chief Operating Officer.

The role will be filled by Mr John Williams, a member of Heritage’s existing senior management team.

Mr Williams will move from his current position of General Manager Technology and Payment Systems to become the Chief Operating Officer (COO).

Heritage CEO Mr John Minz said the appointment had been accompanied by a slight restructure of reporting lines and responsibilities at the senior management level.

“Establishing the COO position will enable us to create a better management focus on many of the day-to-day operational elements of the business,” Mr Minz said.

“Establishing this new position has also required us to shift responsibilities for some activities to achieve better alignment with the demands we face in our current operating environment.

“John Williams has been with Heritage for more than 20 years and has been highly successful in leading significant change and innovation in our IT operations.

“As a long-standing member of our senior management team, he will bring a wealth of knowledge, experience and creativity to the COO role.”

Mr Minz said establishing the new position role was also designed to free up his capacity as CEO to focus on higher-level strategic issues.

“The complexities and challenges Heritage faces in the future are only going to increase. Our new structure will help free up my ability to devote more time and energy to the crucial big-picture issues that Heritage must tackle to reman strong and successful,” he said.

* Home loan comparison rate based on a $150,000 loan over 25 years.  Fixed loan comparison rate applies only for loans with an LVR of 80% or less and a loan amount of $150,000 to $249,999.  WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Interest rates are on a per annum basis. Rates are correct as stated and subject to change without notice. Rates shown are for new loans and do not apply to switches or internal refinances.

Home Advantage Variable rates include discounts shown from the Standard Variable rate. Home Advantage Living Equity rates include discounts from the Living Equity rate. Discounts are based on total lending in the package. Discount Variable LVR rates are for new lending and include discounts from the Discount Variable Loan Rate.  Discounts are not available in conjunction with any other interest rate discount or special offer. All fixed rates are fixed for the period stated and revert to the variable rate applying at expiration of the fixed term. To approved applicants only. Conditions, criteria and fees apply.

Loan to Value Ratio (LVR) is the loan amount divided by the value of your security property (determined by Heritage Bank at assessment), multiplied by 100. Owner Occupied loans have a maximum LVR of 95%, Investment loans have a maximum LVR of 80% and Living Equity has a maximum LVR of 80%. Heritage is not accepting any new investment applications until further notice.

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