Australia's Quickfee drops as CEO Eric Lookhoff resigns

Quickfee

01/08/2022 03:33

** Shares of Quickfee Ltd  QFE.AX  drop as much as 9.8% to
A$0.083, post their biggest intraday pct loss since July 11 
    ** Fintech co says Chief Executive Officer Eric Lookhoff
resigned for "personal and family reasons"  urn:newsml:reuters.com:*:nASX92k9Js
    ** Lookhoff was appointed CEO in June last year 
    ** QFE says it will immediately commence search for a new
CEO    
    ** Says co on track to achieve run-rate profitability by
FY23-end within existing cash and borrowing facilities
    ** About 329,000 shares change hands, vs the 30-day average
volume of 246,000 shares
    ** Stock down 44.2% this year, as of last close

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))