Foresters Community Finance CEO Departs
21 May 2014 at 9:24 am
Foresters Community Finance is looking for a new CEO following the announcement that the long-time chief executive Belinda Drew will finish in the role in June 2014.
After more than nine years as Chief Executive with Foresters Drew leaves to take up the position of inaugural CEO of the Community Services Industry Alliance (CSIA).
The CSIA has been formed to meet the growing demand in Queensland’s diversified community services
Foresters’ Chairperson, Paul Keehan said Drew had been the critical part of Foresters’ achievements and development as a community development financial institution over the past nine years.
“Belinda has led Foresters through a time of great change and evolution in the business. She has made a significant contribution to pioneering the work of community finance and social investment in Australia and the Board recognises the value of this contribution and thanks her for it.
“Foresters is well-placed to take up the significant opportunities ahead as the market for this work continues to grow and develop,” he said.
The Board has appointed Sandra Nugent in the role of acting Chief Executive Officer from June 2014 as it undertakes an executive appointment process over the next six months to identify the next Chief Executive.
Foresters Community Finance is a Community Development Finance Institution (CDFI) that provides finance and investment capital to the community sector.
Along with Social Enterprise Finance Australia and Social Ventures Australia they are fund managers for the Social Enterprise Development and Investment Funds (SEDIF) program run in conjunction with the Federal Government which offers finance and support to eligible social enterprises to help them grow their business and increase the impact of their work in their communities.
Foresters also recently developed the Community Finance Portal in conjunction with the Victorian Government.