- A new day of trade has brought with it leadership changes at buy now, pay later giant Afterpay (APT)
- Today, Chief Financial Officer (CFO) Luke Bortoli announced he was stepping down after almost three years in the role
- He'll be replaced by former Bravura (BVS) CFO Rebecca Lowde next month
- Meanwhile, Afterpay has also made two other executive appointments
- Meahan Callaghan will join the team as Chief People Officer, while Mark Teperson will come onboard as the fintech's Chief Strategy Officer
- Afterpay began Thursday's session 4.18 per cent in the red, with shares worth $75.44 each
A new day of trade has brought with it leadership changes at buy now, pay later giant Afterpay (APT).
CFO steps down
Today, the fintech stock announced its Chief Financial Officer (CFO), Luke Bortoli, is stepping down from the role. He'll be replaced by former Bravura (BVS) CFO Rebecca Lowde.
Speaking to his departure, Luke said he was "extremely proud" of what Afterpay had achieved over the course of his tenure.
"Afterpay is a pioneering success story and I am pleased to assist Rebecca as she transitions into the role," he commented.
"I would like to thank the founders, the board, the finance team and everyone at Afterpay for all their support and I look forward to seeing all the future successes of the business in the coming years," the outgoing CFO continued.
Luke spent almost three years as the tech stock's CFO, working the numbers as the flexipayment provider grew from a minnow into a unicorn.
While Luke's next role is yet to be determined, he'll stay on with the company in an advisory role as it gears up to release its next batch of interim financials. At this stage, that's slated to occur in late February.
After that, the outgoing CFO will continue with APT until he officially leaves at the end of FY21.
"Luke has made a transformational contribution to Afterpay in its highly crucial years," said Afterpay CEO Anthony Eisen.
"While we are sad to see Luke leave the business we appreciate his immense contribution to reach this point in Afterpay’s evolution. On behalf of the Board and the broader Afterpay team I would like to thank Luke for all he has done for the business and wish him all the best in his future endeavours," he stated.
Moving forward, experienced fintech executive Rebecca Lowde will take the CFO reigns.
Rebecca's served as CEO and CFO at a number of global and Aussie financials stocks in the past, bringing several years of experience to the role.
Prior to her appointment, Rebecca worked as an Executive Director and CFO at Bravura, an ASX 200-listed fintech. She also lead the team at digital marketing company Salmat (SLM) for three years, working as it's CFO before she was promoted to CEO.
"Rebecca’s skills and experience will serve the company well as we continue to accelerate our growth and scale globally," Afterpay said in today's announcement.
Meanwhile, the fintech stock has also made two other executive appointments.
Meahan Callaghan will join the Afterpay team as its Chief People Officer, working alongside the company to evolve its people strategies. Meghan brings 25 years of human resources experience to the role and has worked across the tech, media and financial services realms.
In addition, Mark Teperson will come onboard as the fintech's Chief Strategy Officer, turning Afterpay's consumer and merchant data into new offerings for its customer base. The billion-dollar tech stock said Mark boasts two decades of retail know-how and is also well-versed in eCommerce and retail strategy.
Afterpay began Thursday's session 4.18 per cent in the red, with shares worth $75.44 each at 11:02 am AEST.