Why the Pushpay (ASX:PPH) share price is edging higher on Monday

The company filling a leadership gap for now…
The post Why the Pushpay (ASX:PPH) share price is edging higher on Monday appeared first on The Motley Fool Australia. –

The Pushpay Holdings Ltd (ASX: PPH) share price is tinkering slightly higher today following the company’s senior leadership change.

During mid-afternoon trade, the donor management platform provider’s shares are up 0.30% to $1.685. In comparison, the S&P/ASX 200 Index (ASX: XJO) is down 0.62% to 7,476 points.

Pushpay appoints new interim CFO

In a statement to the ASX, Pushpay advised it has appointed Richard Keys as the new interim chief financial officer.

Effective today, Mr Keys will replace current CFO, Shane Sampson, who is scheduled to depart at the end of September. Mr Keys will join the company on a consultancy basis.

With over 30 years experience in healthcare and management, Mr Keys has worked for both public and private organisations. This includes a number of executive and non-executive roles such as CEO of Abano Healthcare Group from 2005 to 2021.

In addition, Mr Keys also served as chief operating officer (2011 to 2015) and CFO (2003 to 2011) during his tenure at Abano Healthcare Group.

Mr Keys is a member of the New Zealand Markets Disciplinary Tribunal, a member of the chartered accountants Australia and New Zealand, and a chartered member of the Institute of Directors in New Zealand. He holds a Bachelor of Commerce from the University of Auckland.

Management noted that its search for a permanent United States-based CFO is progressing well. A market update will be provided in due course once a suitor has been selected.

Pushpay share price snapshot

In 2021, Pushpay shares have gone on a mini-rollercoaster ride to register a 5% loss for the 9 months. When looking at pre-pandemic levels, the company’s share price is up around 50%, highlighting gradual growth over a longer term.

Current, the Pushpay share price is sitting in the lower-mid area of its 52-week range of $1.405 to $2.25.

Pushpay commands a market capitalisation of $1.92 billion and has more than 1.13 billion shares on its books.

The post Why the Pushpay (ASX:PPH) share price is edging higher on Monday appeared first on The Motley Fool Australia.

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Pushpay (ASX:PPH) share price higher on US$150 million Resi Media acquisition

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended PUSHPAY FPO NZX. The Motley Fool Australia owns shares of and has recommended PUSHPAY FPO NZX. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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