- Zip Co (ZIP) appoints Cynthia Scott as Group CEO, effective immediately, overseeing the company’s group operations and strategy
- Co-Founders Peter Gray and Larry Diamond will assume the roles of ANZ and US CEOs, respectively
- Leadership changes allow Zip to execute its next stage of profitable growth and enable the founders to maintain close ties to the business
- Zip Co last traded at 41 cents
Zip Co (ZIP) has appointed Cynthia Scott as Group CEO, effective immediately, overseeing the company’s group operations and strategy.
Consequently, Co-Founders Peter Gray and Larry Diamond will assume the roles of ANZ and US CEOs, respectively, focusing on Zip’s two core markets.
These leadership changes align with Zip’s pursuit of its next stage of profitable growth and enable the founders to maintain close ties to the business.
“Marking Zip’s tenth year of operation, the new leadership structure reflects Zip’s evolution and positions the company well for its next chapter,” Zip Chair Diane Smith-Gander said.
“Over the past 18 months, Cynthia has demonstrated an excellent understanding of Zip’s business.”
Ms Scott was honoured to accept the opportunity.
“Zip has made good progress on its refreshed strategic priorities and my focus will be on ensuring we continue this momentum as we deliver on our FY24 milestones and beyond,” she said.
“I look forward to working with the Board, executive team and our Zipsters to drive sustainable value for our shareholders, customers, merchants and partners.”
Zip Co last traded at 41 cents.