Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

Splitit Ltd (ASX:SPT) Co-Founder Gil Don Set To Step Down As CEO

The Splitit Ltd (ASX: SPT) share price was trading 1.90% lower today after co-founder and CEO Gil Don announced he would transition out of the top role in October 2019. 

The Splitit Ltd (ASX: SPT) share price was trading 1.90% lower today after co-founder and CEO Gil Don announced he would transition out of the top role in October 2019.

About Splitit Ltd

Splitit offers consumers the ability to split the purchase price of basic products (e.g. lemons, toilet paper or both). Shoppers can split their purchases into up to 36 interest-free monthly payments using their existing Visa or Mastercard.

What’s Happened?

In an announcement to the ASX today, Don, who co-founded the business in 2009, said he has decided to step back from the top role and take up the position of General Manager of EMEA. He will be replaced by Splitit’s newly appointed head of North America, Brad Peterson.

“I have been extremely impressed with Brad’s professionalism and the experience that he has brought to this position.”

Peterson joined Splitit in June 2019 in the role of Managing Director of the North American business. Prior to that he had spent years working at software and payment giants such as PayPal, Visa, and Intuit.

Splitit Chair, Spiro Pappas said Don has done an “incredible job” growing Splitit before it listed on the ASX in January 2019, and since then.

What Now?

Splitit remains locked in a battle for relevance against fellow Buy Now, Pay Later apps from the likes Afterpay (ASX: APT) and Flexigroup (ASX: FXL). These apps compete for space at online checkouts of retailers like Kogan.com Ltd (ASX: KGN).

As of the second half of its 2019 financial year, Splitit had 509 merchant partners and serviced 197,000 customers worldwide.

[ls_content_block id=”14945″ para=”paragraphs”]

At the time of publishing, Owen Raszkiewicz owns shares of PayPal.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

5%+ in passive income

Owen Rask’s investing report available

With bond ETFs like ASX:IAF and the S&P 500 riding high, now could be one of the best times to start earning passive income from a portfolio of shares and ETFs.

In this free analyst report, our Chief Investment Officer, Owen Rask, names 10 ASX stocks and ETFs to watch.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Skip to content