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  • Eric Lookhoff resigns as CEO of QuickFee (QFE) for personal and family reasons
  • Mr Lookhoff will continue to work during his four-month notice period to ensure a stable and thorough transition
  • He was appointed CEO in July 2021 and in this role he better positioned the company to benefit from increasing scale and helped it grow product volumes, margins and revenue
  • QuickFee has already begun the search for a new CEO and will update the market as it progresses
  • Shares in QuickFee are down 8.7 per cent on the market and are trading at 8.4 cents at 3:30 pm AEST

Eric Lookhoff has resigned as CEO of QuickFee (QFE) for personal and family reasons.

Mr Lookhoff will continue to work during his four-month notice period to ensure a stable and thorough transition.

He was appointed CEO in July 2021 and in this role he better positioned the company to benefit from increasing scale, particularly in the US market.

He also helped QuickFee grow product volumes, revenue and margins as well as rationalise operating expenses.

Prior to joining QuickFee, Mr Lookhoff was Chief Operating Officer at National Litigation Law Group, Vice President, Enterprise Payment Operation & Continuous Improvement at Freedom Financial Network, and Director Operations Infrastructure & Testing at Discover Financial Services.

Mr Lookhoff graduated from the University of Houston with Honours in Finance.

“I sincerely thank Eric for his strong performance as CEO and board member. The board will continue to work with Eric through the period of transition,” Chair Barry Lewin said.

QuickFee has already begun the search for a new CEO and will update the market as it progresses.

Shares in QuickFee were down 8.7 per cent on the market and were trading at 8.4 cents at 3:30 pm AEST.

QFE by the numbers
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