The CEO of the content subscription company OnlyFans is stepping down in favor of a new female leader.
OnlyFans, which is known for hosting sexual content, has witnessed a surge in use during the epidemic, according to Amrapali Gan, who is presently the marketing head.
Tim Stokely, who launched the firm in 2016, said he was stepping down “to pursue new endeavors” in a social media statement.
According to him, Ms Gan had a “strong enthusiasm” for the company.
Mr Stokely stated on Instagram, “I’m handing the torch on to a colleague and a friend, who has the vision and desire to help the organization fulfill its potential.”
Ms. Gan stated, “I am honored to take on this responsibility. I’m excited to continue working closely with our creative community to enable them gain more control over their material and monetize it “..
She said the company provided “a one-of-a-kind experience” for its artists and followers, and that it was dedicated to becoming “the safest social media platform on the planet.”
Mr Stokely did not reveal his future plans, but he did say he will stay on as an advisor at the tumultuous firm throughout the changeover period.
During Covid lockdowns, OnlyFans observed a significant increase in users.
According to the company, it has 180 million registered users and over two million artists globally. It claims to have paid out more than $5 billion (£3.7 billion) to its content producers since it began business five years ago.
However, it has been chastised for failing to do more to prevent underage users from selling sexual content.
Following pressure from banking partners, the site stated in August that all sexually explicit photographs and videos will be prohibited beginning in October.
OnlyFans, however, stopped the policy adjustment a week later after receiving reaction from its members.
Musicians, fitness coaches, and celebrities may use the site to charge their fans for recommendations and visual material.
It is most recognized, however, for allowing content providers, like as porn stars and sex workers, to charge for sexually explicit images and videos.
All donations made to OnlyFans’ content authors are subject to a 20% fee.
Ms Gan was hired “to continue the company’s growth and push its vision and dedication to empowering artists,” according to the company.
According to Bloomberg, the business will invest more in its free streaming app, OFTV, and provide new tools for producers.
After working for Red Bull, Quest Nutrition, and a cannabis café in Los Angeles, Ms Gan joined OnlyFans in 2020.