A non-bank lender has announced the appointment of a new chief executive officer as its former long-time leader steps down.
Jon Sutton has been welcomed to invoice and debtor finance company Scottish Pacific where he will take over from Peter Langham, who will sidestep into a non-executive board role.
Sutton brings with him nearly three decades of experience across a range of executive level positions at Bank of Queensland and Bankwest.
Most recently, he served as chief executive officer at Bank of Queensland, before resigning in late 2018 due to now-resolved health issues.
While there, Sutton oversaw Bank of Queensland’s revamp including its well-known “It’s possible to love a bank” campaign; he also focused on expanding business banking and specialised in looking after SMEs in certain industry sectors.
Sutton also concurrently held a number of other leadership roles in recent years, including chairman of BNK board of directors (appointed in 2019) and advisory board member for FinTech SendFX (appointed in early 2020).
Previous to that, Sutton headed rural and agri banking at Commonwealth Bank.
According to former CEO Langham, “Jon’s experience with SMEs and his passion to help business owners succeed make him a great addition to the ScotPac business.”
Sutton stepped into his new role on 7 October 2020.
“It’s so important for businesses to find the right funding support – we’ve seen that with the events of 2020, and it’s a factor that’s not going away,” he said.
“I’m excited to take up the role at ScotPac as we expand on how we can provide business owners with simple, fast funding products that offer them the best chance at success,” Sutton finished.
