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Pink in search for new MD

Pink Home Loans is in the process of recruiting a managing director following Tony Jones’ resignation last week.

The popular managing director, who has been on sick leave since the beginning of November, is expected to recharge his batteries before resuming his career in the spring with consultancy and related work closer to his Gloucestershire home.

During Jones’ absence, sales and marketing director David Copland took up the role of acting managing director but it is not known whether he will take over the role permanently or if another candidate will be brought in.

Steve Haggerty, chairman of Pink, says: “Copland has been asked to step up to the role of managing director in the short term, which he has been doing while Jones has been off sick. I have no doubt that it will be business as usual in the short term.

“We don’t have anyone lined up to permanently replace Jones but will be looking for a replacement soon. I can’t anticipate whether we will make the appointment internally or externally.”

Two days before announcing his resignation, Pink quashed rumours that it had hired head-hunters to approach industry figures to replace Jones. Haggerty says the process to find a new managing director has only just started, although he admits that it has been in discussion with Jones about his future with the company since before Christmas.

Jones was at the helm of Pink for four and a half years and was previously head of business development at UCB Home Loans with responsi- bility for sales, marketing, new business processing and human resources.

He also spent 20 years at Nationwide where he was involved in branch management. Last July his experience of the market was acknowledged with his appointment to the Association of Mortgage Intermediaries’ board of directors.

Haggerty adds that Pink has ambitions to be the biggest network in the UK both in its number of appointed representatives and the amount of business is writes.

He says: “Whoever replaces Jones will need to be locked into that objective to drive Pink forward.”

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