Axsesstoday boss quits as company goes into voluntary suspension
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The boss of listed fintech Axsesstoday Peter Ferizis has quit as the company goes into voluntary suspension ahead of a strategic review.
Mr Ferizis, the CEO and managing director, co-founded Axsesstoday in 2012. The company provides finance solutions for the hospitality and transport sectors.
Axsesstoday (ASX:AXL) said that Mr Ferizis “will not participate in the strategy review currently underway”.
The company requested a voluntary suspension until September 24 to allow its board “sufficient time to finalise the detailed review of the company’s business strategy”.
The hunt for a new CEO is on and an independent director will also be added to the board. Kerry Dale and Michael Sack will lead the company in the interim.
“We sincerely acknowledge Peter’s effort, focus and commitment to building the business and wish him well in future endeavours,” Axsesstoday said in a statement.
The company posted a 131 per cent boost in full-year revenue to $49.2 million and also boosted its profit by 93 per cent to $7 million, outstripping its forecasts from the 2017 annual report.
It says revenue will grow by 80-100 per cent and profit by 86 per cent in the 2019 financial year.
The company was trading at $1.63 prior to its suspension.
Axsesstoday has been contacted for comment.