Total
0
Shares
QuickFee (ASX:QFE) - Outgoing CEO, Bruce Coombes (right) - The Market Herald
Outgoing CEO, Bruce Coombes (right)
Source: QuickFee
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • QuickFee’s (QFE) Founder and Chief Executive Officer, Bruce Coombes, will step down from the role, effective from July 1
  • Mr Coombes will be succeeded by QuickFee’s President, United States, Eric Lookhoff, who will also assume the role of Executive Director
  • Eric Lookhoff’s appointment comes with a $300,000 yearly salary, plus 700,000 performance rights
  • Company shares last traded at 24.5 cents at 12:00 pm AEST

QuickFee’s (QFE) Founder and Chief Executive Officer is stepping down, effective from July 1.

Having established the QuickFee business in both Australia and the US, Bruce Coombes will transition to the role of Managing Director, Australia.

As Founder of the company, Mr Coombes led the company through entry into the US market, the launch of its credit card and its buy now, pay later instalment solutions. Additionally, he secured growth funding from a major Australian finance company and spearheaded two heavily oversubscribed capital raisings.

Mr Coombes will be succeeded by QuickFee’s President, United States, Eric Lookhoff, who will also assume the role of Executive Director.

“We are delighted to have someone of Eric’s calibre to drive the overall growth of QuickFee going forward,” said QuickFee Chairman, Barry Lewin.

“Eric brings a unique skillset, enormous experience, and a strong US professional network that will ensure QuickFee is best able to capitalise on major growth opportunities in QuickFee’s payments business.”

“This change in leadership positions QuickFee well for the future.”

Eric Lookhoff’s appointment comes with a $300,000 yearly salary for 401K contributions and healthcare benefits. He will also receive 700,000 performance rights, subject to continued employment.

Mr Coombes will remain on the QuickFee board as an Executive Director.   

The company says its on track to report growth across its Australian traditional financing, US PayNow transaction volumes and QuickFee Instalments in Q4 FY21, compared to the previous quarter.

Company shares last traded at 24.5 cents at 12:00 pm AEST.  

QFE by the numbers
More From The Market Herald
NAB to compensate customers after profiting from ‘junk’ insurance policies

" NAB (ASX:NAB) eyes $2.5b share buy-back

The National Bank of Australia (NAB) has announced intentions to buy back $2.5 billion of its ordinary shares on-market to progress its commo…
Ioupay (ASX:IOU) rebranding brings in new investors

" IOUpay (ASX:IOU) reports first quarter with BNPL offering

IOUpay (IOU) has marked the June quarter with the launch of its buy now, pay later platform and steady revenue amid an influx
Splitit Payments (ASX:SPT) - CEO, Brad Paterson - The Market Herald

" Splitit Payments (ASX:SPT) increases merchants over June quarter

Splitit Payments (SPT) has increased its total number of merchants over the June quarter, with merchant sales volumes also increasing.
Openpay (ASX:OPY) - CEO, Michael Eidel - The Market Herald

" Openpay (ASX:OPY) reports fourth-quarter results

Openpay (OPY) shares are down this morning following its fourth-quarter report.