Afterpay co-founder Nick Molnar will resume as chief executive of the $29 billion buy now, pay later giant, sharing the role with co-founder Anthony Eisen as the payments platform accelerates its push into global markets.
The move unwinds Afterpay’s restructuring last July when Mr Molnar stepped down as CEO to take on the role of global chief revenue officer and Mr Eisen shifted from the executive chairman’s role to become chief executive.
“As Afterpay continues to expand globally, the focus on its international operations has never been greater, as such, the co-founders and the board believe that it is important to have an appropriate level of oversight, executive prominence and presence both internationally and domestically,” the company said on Tuesday morning.
Nick Molnar will regain his CEO title at Afterpay.Credit:Dominic Lorrimer
“To achieve this, Anthony and Nick will become co-CEOs of Afterpay. They will continue to share responsibility for executing on our strategy and their performance will be measured on the same key objectives.”
