Shares in buy-now-pay-later fintech Afterpay (ASX:APT) are down more than 6% trade on Thursday after the company announced Chief Financial Offer (CFO) Luke Bortoli will step down after three years in the role.
Rebecca Lowde, Chief Executive of ASX-listed Salmat, and the former CFO of fintech Bravura Solution, will become CFO on October 6.
Afterpay shares slipped under $74 in afternoon trade following the announcement. The company said Bortoli will remain with the business to assist with the transition, particularly in the lead up to the company’s half year results, and officially depart at the end of FY21.
Afterpay CEO Anthony Eisen praised Bortoli’s “transformational contribution” in “highly crucial years” to the 619 roofing business.
“He has built a world class finance function that has grown from a small number of employees based in Australia to a high performing team operating across multiple regions and functions,” he said.