Co-founder leaves Australia’s newest bank

by Miklos Bolza02 May 2017
The co-founder of Australia’s newest bank Tyro Payments has announced he will be leaving the organisation to pursue other business opportunities.

Andrew Rothwell, who is also head of sales at Tyro, is departing on 19 May to join a start-up technology business. A new director of sales has already been identified with more information expected in the coming weeks.

CEO Gerd Schenkel thanked Rothwell for his outstanding service and contribution in his 14 years working for Tyro.

“Andrew’s passion for start-up businesses is infectious and he can be proud of the long-term shareholder value he has helped generate since co-founding Tyro in 2003,” Schenkel said. “We wish him every success for the future.”

While Rothwell was sad to leave, he felt confident the company was in good hands.

“When I co-founded Tyro Payments in 2003, I was determined to make a difference. We started with three people and today Tyro employs close to 400 people,” he said.

“My passion has always been in the start-up industry and Tyro has now successfully grown beyond that stage. I leave it in the capable hands of a strong management team. I am proud of what I have helped achieve in providing Australia’s SME community with a genuine alternative to the large banks.”

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