- Push-out Score determined
- After 25 years in the position
- Jeff Howard taking over
- Hanna will remain as Executive Chairman at Atlanticus
- Hanna made a lengthy statement and said 288 words
(exechange) — Atlanta, Georgia, March 22, 2021 — David Hanna, chief executive of Atlanticus, leaves his position. As announced by Atlanticus Holdings Corp. in a news release and in a regulatory filing published on Monday, March 22, 2021, David G. Hanna has left his post as chief executive officer at the technology-enabled financial services company after 25 years in the role, effective March 18, 2021.
It is the end of an era.
David Hanna’s duties as CEO will be taken over by Jeffrey A. (Jeff) Howard, most recently President of Atlanticus Holdings Corp.
No reason given
In the announcement, Atlanticus did not explicitly explain the reason for David Hanna’s move, leaving room for speculation.
Hanna will remain as Executive Chairman at Atlanticus
“David G. Hanna, Chairman of the Board and Chief Executive Officer, will transition to the role of Executive Chairman of Atlanticus,” Atlanticus said.
“Transitioned”
Atlanticus said: “On March 18, 2021, David G. Hanna transitioned from the position of Chief Executive Officer of Atlanticus Holdings Corporation (the “Company”) to the role of Executive Chairman of the Company.”
Share price increase since March 2020
The announcement follows an increase in Atlanticus Holdings Corp.’s share price of 137% since March 2020.
In the position of CEO since 1996
David Hanna became CEO of the Company in 1996.
David G. Hanna has been the Chief Executive Officer of Atlanticus since its formation in 1996 and has been the Chairman of the Board since the Company’s initial public offering in 1999.
Hanna has been in the consumer credit industry for over 30 years.
Since 1992, Hanna has served as President and a director of HBR Capital, Ltd., an administrative services firm, and since 2006, as President of Hanna Capital, LLC, an investment firm.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding David Hanna’s move on a scale of 0 to 10.
exechange reached out to Atlanticus and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 13.2021 ($).