Kenroy Kerr Takes Helm at Dolla Financial Services Following CEO's Departure
In a surprising move, Kadeen Mairs, the CEO of Dolla Financial Services – a dominant player in Jamaica's micro lending arena and a listed entity on the Jamaica Stock Exchange – has stepped down from his role. As of Friday, July 28, Mairs commenced his garden leave, marking an end to his tenure which saw substantial growth for the firm.
Stepping up to fill this void is Kenroy Kerr, the erstwhile Deputy CEO of Dolla Financial. Effective immediately, he will be taking the reins as the Interim CEO. No stranger to leadership roles, Kerr has been instrumental in shaping the company's direction and growth since April 2022 when he was appointed Chief Operating Officer. Under his watch, Dolla Financial has witnessed alignment of its core vision with actionable strategy, and the nurturing of an inclusive work environment that promotes productivity and engagement.
Before his association with Dolla Financial, Kerr showcased his expertise in roles of significant responsibility. At the Bank of Nova Scotia, he served as the Chief Officer of Sales for Scotia/ATL Finance. Here, he was at the forefront of a pioneering project that boosted car loan sales, amplifying the bank’s profitability. His stewardship of ATL Finance, a Scotiabank division, stands as a testament to his capability to deliver in high-octane settings.
When it comes to academic credentials, Kerr's portfolio is impressive. He's an MBA graduate specializing in Organisational Development from Aston University, Birmingham, England. Furthermore, his Bachelor of Science in Business Administration (Honours) from Montego Bay Community College underscores his profound grasp on business dynamics. Dolla Financial also benefited from his insights when he helmed the role of Head of Credit & Risk, leading to improved financial outcomes for the company.
Speaking on his new role, Kerr remarked, "I am honoured to take on the role of Acting CEO at Dolla Financial Services. We are poised to enhance our footprint in the microfinance sector, and I am deeply committed to propelling our journey forward while staying true to the values that have brought us here."
As this transition unfolds, Dolla Financial Services reaffirms its commitment to its stakeholders. The board, while eagerly looking towards the future, extends its heartfelt gratitude to Kadeen Mairs for his sterling contributions and wishes him well in his next chapter.
To the uninitiated, Dolla Financial Services is a microfinance powerhouse with operations in Jamaica and Guyana. Since its inception, the company has been unwavering in its mission to offer dependable financial solutions to individuals and businesses, championing their aspirations and growth.