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- Earlypay (EPY) CEO and Managing Director Daniel Riley announces his retirement from the role following twenty years with the company, 12 of which were in the top position
- After an AGM in November, Mr Riley will continue as Non-Executive Director, while Non-Executive Chairman Greg Riley will retire from the board
- In the interim period, James Beeson, who currently holds the role of Chief Operating Officer and Executive Director at Earlypay, will transition to CEO and Managing Director
- Earlypay has now begun the search process to fill the COO role with an experienced finance executive
- Earlypay shares are down 1.06 per cent to 46.5 cents at 10:43 am AEST
Earlypay’s (EPY) CEO and Managing Director, Daniel Riley, has announced his retirement from the role following twenty years with the company, 12 of which were in the top position.
Following his long tenure with Earlypay, Mr Riley will retire from his executive role after an upcoming AGM in November.
“Daniel leaves his executive role with the business in a very strong position,” Earlypay Chairman Geoff Sam said.
“The board thanks Daniel for his pivotal role in transitioning Earlypay from its legacy business to become a leading non-bank SME lender, delivering significant shareholder returns throughout his tenure.”
Beyond November, Daniel Riley will continue as Non-Executive Director. His resignation follows the retirement of former Chairman Greg Riley in August, who will leave after the November AGM.
In the interim period, James Beeson, who currently holds the role of Chief Operating Officer and Executive Director at Earlypay, will transition to CEO and Managing Director.
The new role comes with a $550,000 per annum salary, along with short-term incentives up to a maximum of 25 per cent of the salary.
James Beeson joined Earlypay in August 2020 upon its acquisition of the invoice finance technology platform Skippr, where he was CEO and majority shareholder. Prior to Skippr, James was Head of EMEA Rates and Foreign Exchange in JP Morgan’s Chief Investment Office in London.
Mr Beeson jointly holds over 15 million EPY shares, which represents 5.45 per cent of Earlypay’s issued capital.
“The contribution that James has already made to Earlypay’s growth and strategy is significant and I am personally delighted that he has accepted the additional responsibilities of CEO,” said Daniel Riley.
Earlypay has launched a search process to fill the COO role with an experienced finance executive.
Earlypay shares were down 1.06 per cent to 46.5 cents at 10:43 am AEST.
