Monitise CFO to step down two months after CEO

Monitise CFO to step down two months after CEO

02 DEC 2015

CFO Brad Petzer told the board of troubled mobile money firm Monitise that he is stepping down.

Petzer, who joined in 2013, will actually remain in place until a successor is found.

The company is struggling to shift business model to a cloud-based approach and saw CEO Elizabeth Buse step down in September (she actually stayed to oversee the transition to a new CEO until the end of October).

Buse was replaced by deputy CEO and chief commercial officer Lee Cameron.

The company said the search for the challenging role of CFO, who will have to contend with falling revenue and spiralling losses, had started and “a further announcement will be made in due course”.

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Richard Handford

Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...

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