REG - ASA Intnl. Grp PLC - Appointment of Karin Kersten as CEO

ASA InternationalAnnouncement

16/06/2023 07:00

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RNS Number : 9177C  ASA International Group PLC  16 June 2023

Press Release

 

ASA International Group plc reports appointment of Karin Kersten as CEO

 

London, United Kingdom / Amsterdam, The Netherlands, 16 June 2023 - ASA
International Group plc ('ASA International', the 'Company' or the 'Group'),
one of the world's largest international microfinance institutions, today
announces the appointment of Ms Karin Kersten as CEO of the Group as of 15
June 2023.

In line with the announcement by the Company on 24 February 2023, Mr. Dirk
Brouwer, Co-Founder of ASA International stepped into a new role as of 15 June
2023.

After the AGM on 15 June 2013 the Board approved the appointment of Karin
Kersten as CEO along with the appointment of Dirk Brouwer as (i) Deputy
Chairman of the Board of ASA International and (ii) Special Adviser to the new
CEO, the Executive Committee and the broader management team.

In his new role, the Company expects Dirk to (a) smoothen the path of
transition and (b) support the new leadership going forward. In this capacity
the Board fully expects Mr. Brouwer to continue to make a significant
contribution to the strategic and operational development of the business for
the foreseeable future.

At the AGM, the Shareholders also approved the appointment of Chris Low as
Non-Executive Director (following his appointment to the Board on 1 February
2023). Chris has been appointed as Chair of Audit and Risk Committee as of 15
June 2023.

Gavin Laws retired as Non-Executive Director having joined the Board of ASA
International on 22 January 2013.

Guy Dawson, Chairman of the Board, comments:

"As a Board, we congratulate Karin on her appointment as CEO of the Company. I
am confident that we have the leadership in place to enable ASA International
to continue to thrive in a turbulent world. Serving close to 2.5 million
female clients, the Company is a strong advocate of female entrepreneurship.
With Karin at the helm of our Company, we will further drive female leadership
and diversity in our organisation."

"I would like to extend my gratitude to Dirk, being the co-founder of the
Company, for his leadership and drive to build and grow the Company into one
of the leading international microfinance institutions, as well as for his
continued commitment to the Company in his new role."

"Gavin Laws will be retiring after ten years of service. We are sincerely
grateful to Gavin for his steadfast and skilful contribution to the Board and
wish him every success in his second retirement. We are fortunate to welcome
in his stead Chris Low, who brings a wealth of relevant experience to the role
of Non-Executive Director and Chairman of the Audit and Risk Committee."

This announcement contains information that qualified or may have qualified as
inside information and is disclosed in accordance with the Market Abuse
Regulation (EU) 596/2014 (as it applies in the UK pursuant to the European
Union (Withdrawal) Act 2018) ('MAR').

Enquiries:

ASA International Group plc

Investor
Relations
 

Mischa
Assink
                ir (mailto:ir@asa-intenational.com)
@asa-intenational.com (mailto:ir@asa-intenational.com)

 

About ASA International Group plc

ASA International Group plc (ASAI: LN) is one of the world's largest
international microfinance institutions, with a strong commitment to financial
inclusion and socioeconomic progress. The company provides small, socially
responsible loans to low-income, financially underserved entrepreneurs,
predominantly women, across South Asia, South East Asia, West and East Africa.

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