Highlights:

  • Credit Clear was trading at AUD 0.12, up 13.64% during the morning Trading session on 19 August 2026.
  • Joshua Reid will become Managing Director of Credit Clear and interim CEO of ARMA Group Holdings from 1 September 2026.
  • Current CEO Andrew Smith will transition to a Non-Executive Director role following the 2026 Annual General Meeting.
  • Joshua Reid brings more than 30 years of experience across banking, finance, Capital Markets and insurance.
  • The Leadership change is aimed at supporting Credit Clear’s next stage of Business development.

Credit Clear Limited (ASX:CCR) has announced a leadership transition, with Joshua Reid appointed as Managing Director of Credit Clear and interim Chief Executive Officer of ARMA Group Holdings Pty Ltd, the company’s primary Australian operating business.

Credit Clear shares were trading at AUD 0.12, up 13.64% during the morning trading session on 19 August 2026, while the company’s shares remained down 50.00% over the past year. The company’s announcement outlined changes to its executive structure as it continues developing its operations across Australia and international markets.

Joshua Reid Appointed Managing Director

Joshua Reid will commence as Managing Director of Credit Clear and interim CEO of ARMA Group Holdings effective 1 September 2026.

Mr Reid joined the Credit Clear Board as a director in July 2026 and has more than 30 years of experience across banking, finance, capital markets and insurance.

His previous roles include senior operational, commercial and financial positions, including client-facing and corporate roles at Macquarie’s Business Bank.

He later served as Chief Financial Officer of PSC Insurance Group Ltd from 2015, where he contributed to the company’s ASX listing and more than 80 acquisitions, including cross-border transactions. He subsequently served as Chief Commercial Officer of The Envest Group, the Australian operations of The Ardonagh Group.

Credit Clear’s Board stated that Mr Reid’s experience in listed companies, acquisitions, integration and commercial operations aligns with the company’s current priorities.

Leadership Change Supports Next Development Phase

Credit Clear stated that the executive transition reflects the company’s next stage of development as it continues to scale operations.

Mr Reid said he had worked closely with the Board and executive team since joining as a director and had developed an understanding of the company’s market opportunity.

He noted that Credit Clear expanded during FY2026 through organic growth and acquisitions, creating a platform for further development across Australia and international markets.

Mr Reid will focus on building on existing progress, improving execution and supporting the continued expansion of the business.

Andrew Smith Transitions From CEO Role

Current Chief Executive Officer Andrew Smith will step down as CEO when Mr Reid commences the role on 1 September 2026.

Mr Smith will remain an Executive Director of Credit Clear until the company’s 2026 Annual General Meeting in November, after which he will transition to a Non-Executive Director position.

The company confirmed that there will be no changes to Mr Smith’s existing remuneration while he remains an Executive Director.

Credit Clear Chairman Paul Dwyer acknowledged Mr Smith’s contribution as CEO and said the Board looked forward to his continued involvement as a Non-Executive Director.

Remuneration Arrangements Updated

As part of his appointment as Managing Director of Credit Clear and interim CEO of ARMA Group Holdings, Mr Reid will receive an additional $100,000 per annum above the remuneration announced on 22 June 2026.

His total fixed remuneration will be $517,500 per annum inclusive of superannuation.

Subject to Shareholder approval, Mr Reid’s Equity arrangements remain unchanged and include:

  • 4,000,000 shares at $0.25 vesting on 30 June 2027;
  • 2,000,000 shares at $0.35 vesting on 30 June 2028;
  • 2,000,000 shares at $0.45 vesting on 30 June 2029.

The Managing Director appointment has no fixed term and will continue until terminated in accordance with the agreement.

Focus Expands Across International Markets

Credit Clear operates as a technology-enabled, full-service Debt collection provider with operations across Australia and international markets.

The company highlighted that Mr Reid’s experience in commercial growth, acquisitions and integration is expected to support its activities across Australia, the United Kingdom, the Philippines and New Zealand.

The leadership transition comes as Credit Clear continues developing its platform following business expansion during FY2026.

Investor Takeaway

Credit Clear’s latest update outlines a change in executive leadership, with Joshua Reid taking responsibility as Managing Director while Andrew Smith transitions towards a Non-Executive Director role.

Investors may continue monitoring the implementation of the new leadership structure, business scaling initiatives, Acquisition integration activities and Credit Clear’s progress across its international operating markets.