- Lule Demmissie departs as eToro US CEO, Andrew McCormick named successor in company’s strategic leadership transition.
Lule Demmissie, CEO of eToro US operations, has announced her departure, with Andrew McCormick set to replace her as Head of eToro US from August 1, 2024.
Lule Demmissie reflected on her tenure with gratitude, citing achievements in M&A integrations and regulatory milestones despite challenging market conditions.
Following her departure, Demmissie will stay on in an advisory role for the remainder of the year, maintaining her connection with the brokerage.
Andrew McCormick, currently serving as US Senior Counsel at eToro since 2022, assumes the leadership role with a background in litigation and regulatory enforcement. His career spans significant roles at E*TRADE and Morgan Stanley, focusing on regulatory investigations and compliance.
The leadership transition coincides with eToro ongoing strategic considerations, including potential plans for a US public listing following an unsuccessful SPAC attempt.
