Ovanti Appoints Ex-ZIP Executive as CEO of US BNPL Business, Shares Up 133%

MT Newswires Live

06/25

Ovanti (ASX:OVT) appointed Peter Maher to the position of chief executive officer of the company's buy now pay later (BNPL) division in the USA, as well as its payments and embedded finance businesses in the US, according to a Wednesday Australian bourse filing.

Maher has served notice on ZIP, where he holds the position of US head, of his departure and will be in a position to start his new role on July 14, subject to serving the remainder of his notice period with ZIP, the filing added.

Maher will receive a base remuneration of $450,000 per annum, the filing added.

The company's shares rose 133% in recent Wednesday trade to reach a three-month high.

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