FlexiGroup CEO to exit, affirms guidance

Company News

FlexiGroup Limited (ASX:FXL) has announced its chief will depart later this year while affirming its annual profit guidance. 
 
The diversified financial services group says CEO and Managing Director Tarek Robbiati will leave after about two years with the company. 
 
Mr Robbiati plans to stay at FlexiGroup while a search is undertaken for a replacement and then return overseas.
 
FlexiGroup has also confirmed it expects to generate a cash net profit after tax of between $90 to $91 million over the full 2015 financial year. 
 
FlexiGroup reported a net profit of $38.5 million in the first half of the 2015 financial year. 

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