Pushpay appoints chairman Bruce Gordon new CEO

Wednesday 8th May 2019

Digital church collection payment operator Pushpay said it has appointed board chairman Bruce Gordon as the new chief executive after Chris Heaslip resigned effective May 31.

Gordon, who will assume the role from June 1, will also be an executive director while Heaslip will remain a director, it said in a release to the stock exchange. Graham Shaw, previously an independent director, has assumed the role of chairman.

"Succession planning for growth companies is important and now that the business is of significant size and scale, the time is right to welcome Bruce Gordon to the position of CEO. Bruce has the operational experience and competencies required to build on the success that Chris has helped create," Shaw said.

Gordon was chairman of Paymark, chief manager of electronic banking and payments at Bank of New Zealand and has held senior roles at Eco-Products Group, Retail Financial Services, National Australia Bank, ASB Bank and Warehouse Group. He has extensive board experience, including with Vector Energy Solutions, Warehouse Financial Services, The Merino Company of New Zealand and Bendon Group.

Heaslip said the past eight years building Pushpay "have been hugely rewarding" from its "humble beginnings with three staff operating above a gym in Glenfield to over 350 staff and more than 7,000 customers across the US, Canada, Australia and New Zealand."

The company, which provides a donor management system, including donor tools, finance tools and a custom community app for churches, earlier reported a net profit of US$18.8 million for the year ended March 31, from a loss of US$23.3 million a year earlier. Total revenue lifted to US$98.4 million from US$70.2 million in the prior period.

The stock last traded down 2.9 percent at $3.71.

(BusinessDesk)

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