Business
Afterpay missed a trick with CFO succession – The Australian Financial Review
It’s now worth $20 billion, and yet again Afterpay has chosen a CFO with zero credit experience.
On Thursday morning, Afterpay announced the resignation of its chief financial officer, Luke Bortoli, and his succession by former Salmat CEORebecca Lowde. The switch is effective on October 6, and Bortolis contractual notice period is only three months. Yet hes hanging around for the longest comprehensive transition of modern history, leaving at the end of the 2021 financial year. Which, by no coincidence, is just 21 days after his final batch of 450,000 options vests.
Bortolis retirement is n…
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