01:30 PM EDT, 07/04/2024 (MT Newswires) -- goeasy announced a leadership transition plan that includes Jason Mullins transitioning out of his role as President and Chief Executive Officer at the end of this year and remaining on the Board.

National Bank analyst Jaeme Gloyn's take is Negative

"We view this announcement as negative initially given the added succession uncertainty and the departure of a well-respected CEO. That said, the decision is not related to goeasy's performance or strategic direction as GSY continues to have a solid strategic outlook for the next several years and a deep pool of internal talent," he writes.

Gloyn believes the company has sufficient time to find a strong successor prior to the transition at year-end. He expects the strength of the business to attract top talent from Canada and the U.S. Mullins remaining on the board will also ensure a smooth transition, he adds.

With the focus on continued execution on existing strategies, the pursuit of M&A is expected to be on pause until the leadership transition is complete at the end 2024.

goeasy is rated Outperform, with a $210 target.

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