Dolla Financial Services, one of the largest micro lending company in Jamaica, and on the Jamaica Stock Exchange, has announced the resignation of its CEO, Kadeen Mairs.

Effective Friday, July 28, Mairs officially went on garden leave, leaving behind a business with a track record of remarkable growth, a news release from the company said.

In light of the transition, Kenroy Kerr, Dolla Financial’s Deputy CEO, steps into the role of Interim CEO. According to the release, Kerr brings with him a wealth of experience and a proven track record of driving growth and exceeding expectations through strategic leadership and practical execution. As Chief Operating Officer since April 2022; Kerr, the release said, has demonstrated his ability to align the organisation’s vision with strategic objectives, fostering an inclusive culture to increase employee engagement and productivity.

Prior to joining Dolla Financial, Kerr served as the Chief Officer of Sales for Scotia/ATL Finance at the Bank of Nova Scotia, where he spearheaded a successful pilot project that significantly increased car loan sales and profitability for the bank. He also managed the day-to-day operations at ATL Finance, a unit powered by Scotiabank, showcasing his ability to lead and drive results in a fast-paced environment.

Kerr’s dedication to professional development is evident in his academic achievements. He holds a Master of Business Administration (MBA) with a specialisation in Organisational Development from Aston University in Birmingham, England. Additionally, he earned a Bachelor of Science in Business Administration (Honours) from Montego Bay Community College, where he cultivated a strong foundation in business principles. With his achievements, Kenroy Kerr is equipped with the skills and knowledge to lead Dolla Financial into the next phase of its expansion. His tenure with the company also includes extensive experience as Head of Credit & Risk, where he successfully managed underwriting and monitored key metrics, resulting in streamlined efficiencies and improved financial performance.

“I am honoured to take on the role of Acting CEO at Dolla Financial Services,” said Kerr. “I am committed to upholding the values and principles that have driven our success thus far and to further expanding the company’s presence in the microfinance sector. Our team remains dedicated to providing top-notch financial services to our valued customers.”

As Dolla Financial Services enters this next phase of its growth path, the company reiterates its commitment to maintaining strong relationships with its stakeholders, including investors, clients, and partners. The board expresses its gratitude to Kadeen Mairs for his invaluable contributions and wishes him success in his future endeavours.

Dolla Financial Services is a fast-growing microfinance operation based in Jamaica and Guyana. Since its inception, Dolla Financial has focused on providing accessible and reliable financial solutions to individuals and businesses, supporting their growth and development.