Afterpay Touch Group Limited announced that Co-founder, Anthony Eisen will assume the role of CEO & Managing Director of the Company and will focus on managing the global business and overseeing the management of the Company's operations. Given this new role, Anthony and the Board felt it was the appropriate time to transition to an independent Chair. Anthony will continue to serve on the Board as an Executive Director.

Elana Rubin, currently an independent Non-Executive Director, will assume the role of Interim Chair until such time as a new independent Chair is appointed. Co-founder, Nick Molnar, will maintain his focus on delivering value for customers and company's merchant partners via the expansion and development of the Afterpay global platform and will become Global Chief Revenue Officer, reporting to Anthony. Nick will maintain a global leadership role with a particular focus on managing the US business and global merchant relationships.

Nick will continue as an Executive Director on the Board. David Hancock assumed the role of Group Head following the merger of Afterpay and Touchcorp in mid-2017 to facilitate the integration of what at the time were two distinct businesses and to develop a unified team, technology platform and operating base that would facilitate Afterpay's expansion in Australia and overseas. Prior to assuming this role David was an active director since the time of Afterpay's IPO as well as an early-stage investor in the Company.

David has worked tirelessly towards achieving these objectives and his leadership role has made a significant impact on the successful development of the business. In line with Afterpay's next phase of expansion and evolving global organisational structure, the role of Group Head will come to an end in-line with the review timing stipulated in David's employment agreement. David has been instrumental in preparing the organisation for the next phase and in light of the proposed changes intends to step down from the Board at the conclusion of 2019 financial year-end matters.

David will facilitate the transition of his role to the CEO & Managing Director and other members of the leadership team for a period of up to 12 months. During this transition period David will report to the CEO & Managing Director. The Board would like to thank David for his significant contribution to the success of the business in his leadership role.

platform and functional activities. company announced that Frerk-Malte (Malte) Feller commenced employment with the Company in a newly created Global Chief Operating Officer role, effective 1 July 2019. Joining Afterpay from Facebook in Menlo Park, CA, Malte has significant experience in the operations of fast-growing, globally expanding technology enterprises, including eBay and PayPal.

His time at PayPal included a period as Managing Director of Australia from 2009 to 2011. Barry Odes will assume the role of Chief of Staff, reporting directly to the CEO & Managing Director.