Australia's Tyro Payments slips to one-month low as CEO resigns

Tyro Payments

05/06/2025 01:48

Corrects to remove the extraneous word in bullet 4

** Shares of Tyro Payments TYR.AX fall 11.5% to A$0.81, set for their weakest session since late May 2023, if losses hold

** Stock hits their lowest level since May 5

** The digital payments facilitator says CEO and MD Jon Davey to step down

** Co says that Davey accepted the CEO role at a PE-backed business

** Davey joined the co in 2021 through the acquisition of health payments platform Medipass, where he served as CEO

** Nearly 3 million shares change hands, 1.8x the 30-day avg

** Stock nearly flat YTD, including current session

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))