"Ovanti's CEO Hunt Heats Up: A New Era Begins With Eyes on a $1B...

"Ovanti's CEO Hunt Heats Up: A New Era Begins With Eyes on a $1B Target"

Ovanti Limited (ASX: OVT) is officially on the hunt for a new CEO—but not just any leader will do.

With interim reins now in the hands of Executive Chairman Daler Fayziev, the fintech company is making a sharp pivot. Out is former CEO Simon Keast, who, despite delivering a plan that met (and even exceeded) all set KPIs, faced a wall of stakeholder feedback and logistical challenges. Chief among them? His inability to secure a U.S. work visa and his limited availability to reside in the States—less than half the year.

Ovanti isn’t just looking to fill a seat. They’re chasing someone with serious operational firepower: a full-time U.S.-based resident, deeply embedded in the Buy Now, Pay Later (BNPL) industry, and laser-focused on merchant acquisitions and aggressive market execution. The company is shifting gears hard—from planning to pure play execution.

What’s driving this urgency? A bold ambition to hit USD $500 million in Total Transaction Value (TTV) by December 2027—and maybe even crank it up to $1 billion. The market’s muted response to Keast’s original plan prompted a recalibration: more speed, more ambition, more results.

Fayziev, who will draw no additional remuneration while steering the ship during this transition, put it bluntly: “The Board has listened to shareholders... and we are seeking to enter the USA market with far greater urgency.”

The message is clear. Ovanti wants a CEO who’s less finance strategist and more battlefield commander—someone who lives and breathes scale, speed, and sales.

As the search intensifies, all eyes are now on Ovanti’s next move. Can they find the right leader to turn vision into velocity? The clock is ticking—and the U.S. market waits.

Disclaimer:
This article is brought to you by the dynamic duo of Aussie and ChatGPT—one runs on coffee and optimism, the other on silicon and sarcasm. Everything you just read is our opinion, not a leaked memo from the Ovanti boardroom (we checked—security's tight). It's not financial advice, legal advice, or life advice. If you’re making investment decisions based on this, please also consult a crystal ball, your accountant, or at the very least, your mum.