Payright Limited announced that with immediate effect Myles Redward and Piers Redward have stepped down as co-CEOs and Stewart Creighton is appointed to the role of interim Chief Executive Officer (CEO) and will take on the responsibility for CEO duties on secondment from MCH Corporate Services Pty Ltd. (`MCHCS'). The changes to the composition of the Board and the appointment of Stewart Creighton as interim CEO will position the Company to continue building out its product range and further develop its strategy of delivering an attractive and competitive source of non-bank finance products to the Australian market. Stewart Creighton has 30 years' financial services experience including 15 years' in senior leadership positions.

Prior roles have included General Manager Market Specialists at Commonwealth Bank, General Manager Sales at Medfin, Group Executive McMillan Shakespeare and Head of Operating Lease and Strategic Alliances at Capital Finance (part of the Westpac Group). He has worked for Metrics for the past 5 years, and most recently was appointed as a Managing Director of Metrics Business Finance. The Board welcomes the appointment to the role of interim CEO.