- Splitit (SPT) Chief Executive Officer Brad Paterson steps down from the top job, with John Harper appointed as CEO in the interim
- The payment solutions provider says it is seeking a “proactive change of leadership” to support the company through significant growth
- A global search process to fill the permanent CEO position is underway
- Shares closed at 45 cents on August 30
Splitit (SPT) Chief Executive Officer Brad Paterson will step down from the top job, effective immediately, with John Harper appointed as CEO in the interim.
In a statement today, the payment solutions provider said the board had determined a “proactive change of leadership” was necessary following significant growth.
SPT highlighted several achievements, including the launch of its operations in the US and UK, significant growth in merchants and shoppers, and a US$150 million (A$207 million) credit facility with Goldman Sachs.
In light of these and other milestones, the company is reportedly seeking new leadership that will enable SPT to continue building on these achievements and expand globally.
To this end, the company has welcomed Mr Harper as interim CEO, noting his extensive experience and proven track record of leadership in retail enterprises, having previously held the position of chief operations officer for Macy’s department stores.
Splitit Chair Dawn Robertson said the board understood the pace and scope of growth required support from strong leadership and a vibrant, inclusive culture.
“John will be supported by a very high quality leadership team, with deep experience in growing large global technology and payments businesses,” she said.
“The board of directors joins me in thanking Brad for his service to Splitit over the past two years.
“During this time, Splitit has significantly grown its MSV, secured strong foundational partnerships, and created product innovation such as Splitit Plus.
“We wish Brad all the very best for the future.”
A global search process to fill the permanent CEO position is underway.
Splitit shares closed at 45 cents on August 30, 2021.