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  • Tyro Payments’ (TYR) CEO and Managing Director, Robbie Cooke, has resigned after nearly five years at the company
  • Mr Cooke is leaving to be the new CEO and Managing Director of the Star Entertainment Group (SGR)
  • Tyro says Mr Cooke played a big part in its IPO process in 2019 and the Bendigo Bank alliance
  • Tyro’s Board is now looking for a new CEO and Mr Cooke has committed to helping ensure a smooth transition
  • Mr Cooke says he’s looking forward to re-joining the gaming and hospitality industry and is ready to take on the challenges that SGR has faced
  • TYR shares are down 20.5 per cent on the back of this news to trade at 62 cents, while SGR shares are up 2.4 per cent to $2.78 per share at 11:47 am AEST

Tyro Payments’ (TYR) CEO and Managing Director, Robbie Cooke, has handed in his six months notice after nearly five years at the company.

Mr Cooke is leaving to be the new CEO and Managing Director of the Star Entertainment Group (SGR).

Tyro said Mr Cooke played a big part in its IPO process in 2019 as well as the Bendigo Bank alliance.

During his time, he oversaw strong growth that lifted Tyro’s transaction values from around $13 billion to more than $34 billion.

Tyro’s Board is now looking for a new CEO and Mr Cooke has committed to work with the company to ensure a smooth transition.

“The board and I would like to thank Robbie for his contribution to our business and wish him all the best for his next chapter,” TYR Chair David Thodey said.

“We remain committed to providing outstanding customer service to our merchants and partners through innovative products and technology, driving operating leverage, and accelerating our move to become free cash flow positive.”

Meanwhile, Star said Mr Cooke was the “stand out candidate” with the ideal combination of experience to lead.

“Robbie is well placed to lead The Star and restore confidence in the organisation,” SGR Interim Chairman Ben Heap said.

“He is an outstanding choice to guide the company through its critical ongoing renewal program, a body of work already underway that will deliver a number of near and medium-term initiatives focused on governance, culture, training, systems and technology.”

Mr Cooke is looking forward to re-joining the gaming and hospitality industry and is ready to take on the challenges that SGR has faced.

SGR’s previous CEO, Matt Bekier, left after amid an investigation over possible breaches of anti-money laundering and counter-terrorism laws at its casinos.

“There are challenges for The Star that have been well documented. They will be my priority and focus,” he told the market.

TYR shares fell 20.5 per cent on the back of this news to trade at 62 cents, while SGR shares were up 2.4 per cent to $2.78 per share at 11:47 am AEST.

TYR by the numbers
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