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Pink denies head-hunting for new MD

Pink Home Loans has quashed rumours that it has enlisted head-hunters to replace managing director Tony Jones, who has been off sick from the company since November.

However, with Jones on indefinite sick leave and sales and marketing director David Copland acting as managing director in his absence, the future management structure of the network and packager is still unclear.

The popular and innovative Jones has apparently been ill since September and has not been at work since the beginning of November after he returned from a charity trip to Africa with specialist lender GE Money Home Lending.

His long-term absence has sparked rumours that Pink is using head-hunters to find a suitable replacement from within the industry.

However, Copland dismisses any suggestions that head-hunters are prowling for his replacement, and says it is business as usual at Pink.

He adds: “With Tony not being here we needed to put a system in place so decisions could be made fast. Everyone at Pink would like to wish Tony a speedy recovery.”

Pink is expected to release further details of Jones’ absence and what it means for the company on Thursday January 4.

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