Salad appoints Chief Strategy Officer

Community lender Salad has announced that it has appointed Craig Pennington as Chief Strategy Officer.

Pennington joins Salad from Fair4All Finance where he was responsible for managing investments and partnering with mainstream finance with the aim of attracting investment capital to community finance providers. Salad is a community development finance institution (CDFI) which serves full-time workers excluded from mainstream credit. It is an investee of and partner to Fair4All Finance.

An experienced finance director, board trustee, portfolio manager, investment analyst and business founder, Pennnington is also a mentor to social enterprises,. His appointment comes as Government, policymakers and regulators seek to increase the supply of fair and affordable credit for people in financially vulnerable circumstances.

Tim Rooney, Salad CEO, said “We are delighted to welcome Craig to Salad. He brings expertise and passion for community finance, analytical and strategic skills, and has been at the entrepreneurial coalface running businesses and organisations. His knowledge and experience working with social investors, family offices and mainstream finance will be invaluable as we scale Salad, a social enterprise itself, to expand financial inclusion in underserved communities.”