Nick Molnar Returns As Afterpay (ASX:APT) CEO

November 17, 2020 01:55 PM AEDT
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Afterpay Limited (ASX:APT) co-founder Nick Molnar will resume as the CEO alongside Anthony Eisen as the buy-now-pay-later platform gains momentum into global markets.

In July 2019, Molnar quit as the CEO and acquired the role of global chief revenue officer.

According to the company’s chair Elana Rubin, the appointment of both Eisen and Molnar as the CEOs is done to boost the BNPL company as it expands in the international markets now.

The ASX announcement on the same said that Molnar will be paid $450,000 a year for the role and that he will return to the US. Eisen will be working from Australia.

Both Molnar and Eisen hold 7% stake, worth around US$2 billion in Afterpay. The company’s share has so far in 2020 gained nearly 250%.

Meanwhile, the stock traded at $97.650 at 1:47 PM AEDT.

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