Tyro Payments co-founder Andrew Rothwell has left the business he helped start 14 years ago to take on a new role as chief operating officer of data exchange start-up Data Republic.
Mr Rothwell’s departure was announced last week, with Tyro Payments chief executive Gerd Schenkel thanking him for his “outstanding service” with the company.
“Andrew’s passion for start-up businesses is infectious and he can be proud of the long-term shareholder value he has helped generate since co-founding Tyro in 2003, and we wish him every success for the future,” Mr Schenkel said.
Data Republic then announced Mr Rothwell had joined its firm to lead the integration of customer-facing and engineering teams, supporting the business to scale and leading its efforts in “ecosystem traction and customer success”.
“Data is the currency of the 21st century and I think there’s tremendous opportunity worldwide for companies to be able to improve their businesses through the utilisation of data,” Mr Rothwell told InvestorDaily.
“Data Republic represented a once in a lifetime opportunity to build an Australian company from the ground up.”
Mr Rothwell said his decision to leave Tyro Payments was driven by his desire for a bigger challenge and the opportunity to help build another Australian start-up.
“If you take away the founder part, I’ve been head of sales for four years now and I simply wanted a bigger remit. I wanted a bigger challenge. I’m the same as my sales staff, they’re always probing me and cajoling me for new and bigger roles, and that’s what I wanted for myself,” he said.
“The remit here is much larger than what I had at Tyro, and as I said earlier, I want to try and build up another super successful Australian start-up that’s going to take on the world.”