Mark Healy appointed as Novatti CEO to succeed Peter Cook

Mark Healy appointed as Novatti CEO to succeed Peter Cook

ASX-listed fintech leader Novatti has announced the appointment of Mark Healy (pictured) to succeed Peter Cook as Chief Executive Officer, effective from 15 June 2023.

Mark comes to the role with a very detailed understanding of the business, having worked for Novatti for the last 12 months in the role of Executive General Manager of Payments. He has already played a key role in managing several major projects, including the continued investment in Novatti’s Acquiring business, growing the Issuing business and managing the financial year 2024 budgeting process.

Prior to joining Novatti, Mark held several key leadership roles in the payment industry, including as the Managing Director of Global Payments Australia, Chief Operating Officer at Ezidebit and eWAY and EVP and Chief Risk Officer for the Neovia Financial (now Paysafe) Group.

Mark’s appointment further strengthens Novatti’s executive team, following the recent appointment of Dharsh Mendez as Chief Financial Officer. Together this team will be responsible for delivering Novatti’s key objectives, including scaling its future growth engines such as Acquiring and Issuing, executing Novatti’s cost reduction program, and achieving positive cashflow.

Importantly, current CEO and Managing Director, Peter Cook, will remain with Novatti as an Executive Director and transition into a new role focused on managing Novatti’s Australian investments, sales and strategic relationships.

Novatti Chairman, Peter Pawlowitsch, said, “I’m delighted to announce Mark as Novatti’s new CEO. Mark already has extensive experience within the business and broader payments industry, which will be invaluable as Novatti continues its growth. I would particularly like to acknowledge the structured and orderly transition delivered by Novatti’s management team to complete this appointment.”

“Central to this orderly transition has been outgoing CEO Peter Cook. On behalf of the Board, I want to thank Peter for his many years of tireless service since the founding of the Company. Peter has been instrumental in positioning Novatti for ongoing growth, particularly in the strategic approach he took to establishing Novatti’s ecosystem, which took many years of determination, and ultimately positions Novatti well for the future. We are delighted that Peter will continue to provide value to Novatti in his new role, particularly in driving strategic sales given his strong network within the industry.”

Outgoing CEO and Managing Director, Peter Cook said, “It has been an absolute privilege to work alongside an amazing team to build Novatti into a leading fintech. The building blocks are now in place to see Novatti scale to meet growing demand for digital payments. I believe the Company’s most exciting years lay ahead, and will only be strengthened through Mark’s appointment.”

Incoming CEO, Mark Healy said, “I’m very excited to be leading Novatti into the future. After many years of patient development, Novatti now has the ecosystem in place to achieve scalable growth.

The timing is perfect as the world continues to embrace digital payments. I look forward to continuing to execute the Company’s growth strategy and to delivering for shareholders.”

Disclosure: At the time of writing, Australian FinTech Pty Ltd is a shareholder of Novatti Group Limited.