Director Resignation

27 February, 2019 Tyro, Australia’s fast-growing business bank, today announced a change to the Board representation of one of its major shareholders, Mike Cannon-Brookes.

After nine years on Tyro’s Board, Mike Cannon-Brookes has advised he is stepping down as a director of the Company. In announcing this Mike said:

“I have thoroughly enjoyed working with the Tyro board and team over the last nine years. I’ve loved being on the journey with them, helping them build an amazing Australian growth story. While I am stepping back from my director role due to other commitments, I remain a long-term Tyro shareholder – and fan – and will continue to advise the team where I can.”

Tyro’s chairman Kerry Roxburgh, said:

“I would like to thank Mike for his valuable contribution to our Company over the last nine years. We have been very fortunate in having the benefit of Mike’s expertise and counsel on the Board. I understand completely the challenges of balancing a very full executive and directorship portfolio, and that this has meant Mike did not feel he could continue to make the time commitment for the Tyro role. While we will miss his Board contribution I am really pleased that Mike is continuing his active engagement with Tyro and with Robbie Cooke, our CEO, and his executive team.”

This Board change takes effect on and from 28 February 2019.

About Tyro

Tyro is an Australian Bank and operates under the supervision of the Australian Prudential Regulation Authority (APRA).

Tyro provides credit, debit and eftpos card acquiring, Medicare and private health fund claiming and rebating services, as well as an interest-bearing transaction and deposit account offering integration with Xero accounting software. Tyro takes money on deposit and offers unsecured cashflow-based lending to Tyro EFTPOS merchants.

Tyro currently serves more than 20,000 businesses with its own in-house, cloud-based mobile core banking platform.

For more information, visit tyro.com

Need to know more?

For more about this news story please contact:
Monica Appleby, Head of Corporate Communications on 0466 598 946 or mappleby@tyro.com
Sophie Cotterill, Corporate Communications Manager on 0414 960 292 or scotterill@tyro.com