Tyro Payments (ASX:TYR) appoints Jonathan Davey as CEO

• Tyro Payments (TYR) appoints Jonathan Davey as Chief Executive Officer (CEO), effective October 3
• Mr Davey has been with the company since May 2021 and currently holds the role of CEO for Tyro’s health business
• He will be paid a salary of $750,000 and will receive long and short term incentives on the achievement of certain milestones
• To enable a smooth transition, outgoing CEO and Managing Director Robbie Cook has offered his services for the remainder of his notice period which concludes December 31
• Shares are trading three per cent lower at $1.30 each at 11:40 am AEST

Tyro Payments (TYR) has appointed Jonathan Davey as Chief Executive Officer (CEO), effective October 3.

Mr Davey has been with the company since May 2021 and currently holds the role of CEO for Tyro’s health business.

He will be paid a salary of $750,000 and will receive long and short term incentives on the achievement of certain milestones.

Prior to this, Mr Davey spent 10 years at NAB in General Manager roles where he led NAB Labs, an innovation hub focused on rapid experimentation and commercialisation.

To enable a smooth transition, outgoing CEO and Managing Director Robbie Cook has offered his services for the duration of his notice period, which concludes December 31.

Chair David Thodey said the appointment follows an extensive search process.

“Jon is a seasoned technology executive who brings relevant experience from a 30-year career working in financial services, both within corporate and start-up environments,” he said.

Shares were trading three per cent lower at $1.30 each at 11:40 am AEST.