Afterpay’s CFO Luke Bortoli to step down

Maria Nikolova

Luke Bortoli will cease in the role of CFO and Rebecca Lowde will assume the role as of October 6, 2020.

Afterpay Ltd (ASX:APT) today announced that its Chief Financial Officer Luke Bortoli will cease in this role and Rebecca Lowde will assume the role as of October 6, 2020.

Following discussions with Luke Bortoli regarding his future ambitions, the company commenced a global executive search for a potential replacement, selecting Rebecca Lowde.

Mr Bortoli will cease to be a key management personnel (KMP) immediately and Ms Lowde will become KMP for reporting purposes. Mr Bortoli will remain employed with the business to assist with a comprehensive transition of responsibilities to Ms Lowde, particularly in the lead up to Afterpay’s half year 2021 financial results. Beyond that he will be available to assist the business as required until his departure at the end of the 2021 financial year.

Rebecca Lowde is a highly respected CFO who has extensive experience in global fintech and ASX listed companies at both a CEO and CFO level. She has been the Chief Executive of ASX listed company Salmat for three years and prior to that she was Group CFO for three years. She was also an Executive Director and the Group CFO of ASX200 Fintech firm Bravura for over five years and has previously held senior roles primarily in the fintech sector including seven years at Oracle Corporation.

Also today, Afterpay announces that it has appointed Meahan Callaghan as its Chief People Officer. This new role will lead the people function globally and will develop and deliver people strategies across all regions. Meahan Callaghan has over 25 years Human Resources experience across a range of industries including, Technology, Media and Financial Services.

Mark Teperson has joined the business as Chief Strategy Officer. He will focus on further developing Afterpay’s consumer and merchant data insights to enhance its customer and merchant value propositions and further leverage the power of its platform globally. Mark Teperson has over 20 years experience in the retail industry and has extensive expertise in ecommerce and retail strategy disciplines.

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