- Push-out Score determined
- After about three years in the position
- Praise and thanks for Hanson
- Brett Pharr taking over
- Hanson kept it short and said 49 words
(exechange) — Sioux Falls, South Dakota, September 7, 2021 — This news came shortly after Labor Day. Brad Hanson, chief executive of Meta Financial, leaves. As announced by Meta Financial Group Inc. in a news release and in a regulatory filing published on Tuesday, September 7, 2021, Bradley C. (Brad) Hanson leaves his post as chief executive officer at the South Dakota-based financial holding company, after about three years in the role, effective September 30, 2021.
Brad Hanson’s duties as CEO will be taken over by Brett L. Pharr, currently Co-President and Chief Operating Officer at MetaBank.
“To focus on entrepreneurial and philanthropic endeavors”
Brad Hanson’s departure from the CEO post is explained as follows. Meta Financial said: “Brad Hanson, President and CEO of the Company and Co-President and CEO of the Company’s wholly-owned subsidiary MetaBank, N.A.® (“MetaBank” together with the Company,” Meta”), has informed the Company’s Board of Directors of his intention to focus on entrepreneurial and philanthropic endeavors and retire from Meta.”
Precise information regarding Brad Hanson’s future plans was not immediately available.
“Retire”
Meta Financial said: “Effective immediately after September 30, 2021 (the “Transition Date”), Bradley C. Hanson, President and Chief Executive Officer of the Meta Financial Group, Inc. (“Meta Financial”) and Co-President and Chief Executive Officer of MetaBank, National Association, a wholly-owned subsidiary of the Company (“MetaBank”, together with Meta Financial, the “Company”) will retire from his positions at Meta Financial and MetaBank, including the Board of Directors of MetaBank (“MetaBank’s Board”).”
Share price increase since October 2018
The announcement follows an increase in Meta Financial Group Inc.’s share price of 81% since October 2018. October 2018 is the month in which Hanson’s tenure as CEO began.
In the position of CEO since 2018
Brad Hanson became CEO of the Company in 2018.
To help ensure a smooth transition, Hanson will continue in his current position through September 30, 2021, when his retirement will become effective, and he will remain on the Company’s Board until the next annual stockholders’ meeting, expected to take place in February 2022.
He also will serve as a Strategic Advisor to Meta and the Boards on industry and partner relations until the end of 2022.
Bradley C. Hanson is President and Chief Executive Officer (“CEO”) of Meta Financial and Co-President and CEO of MetaBank.
With more than 25 years of experience in banking, payment cards, and financial technology, Hanson has been widely recognized for the significant role he played in the development of the prepaid card industry.
He joined Meta Financial in 2004 and founded the Meta Payment Systems division.
After serving as the President of MetaBank and the Meta Payment Systems division, Hanson was appointed CEO of Meta Financial in October 2018.
Before joining Meta Financial, Hanson served as a Senior Vice President at BankFirst, where he gained experience in retail banking, mortgage lending, and credit cards, in addition to managing the technology and project management functions for the bank.
Hanson serves on the Board of Directors for Bankaool, a Mexican bank dedicated to serving underserved populations in Mexico, and he has served on various non-profit boards, including his current role as Audit Committee Chair and Global Board member for Operation HOPE.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Brad Hanson’s move on a scale of 0 to 10.
exechange reached out to Meta Financial and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 37.2021 ($).