Business
Why the Splitit (ASX:SPT) share price is roaring 7% higher today
The Splitit Ltd (ASX: SPT) share price is roaring back to life in late afternoon trade. This comes after the company announced a raft of changes to its leadership team.
Earlier in the day, shares in the buy now, pay later (BNPL) company were treading just above their Friday market close. However, the Splitit share price has since tracked 7% higher to reach $1.52 at the time of writing.
Leadership change
The Splitit share price is rebounding after the shock announcement of the departure of its chair, Spiro Pappas.
In today’s release, Splitit said that Mr Pappas had decided to resign from the board effective immediately, as he wished to pursue other interests away from the company.
As a result, Splitit will replace his…
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