RMG appoints new chief executive

During the year RMG chief executive Adrian Mitri and chief financial officer Paul Wilkinson resigned in quick succession, with director Paul Cooney stepping into the breach as interim chief operating officer.

RMG said in a statement today that Mr Logan most recently headed Commonwealth Bank of Australia's retail operations.

He has also held risk management roles at Colonial Ltd and Allfinanz.

Mr Boult will become non-executive chairman early next year.

RMG posted a bottom-line loss of $A72 million ($NZ82.5 million) for the year to June 30, with the company biting the bullet and taking the big hit of a $A59.8 million ($NZ69.9 million) write-down of goodwill.

The largely Australia-focused RMG is the product of efforts since mid-2000 to roll together 22 Australian and New Zealand debt collecting companies.

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