Tim Stokely, the 38-year-old founder and CEO of OnlyFans, abruptly announced on Tuesday, that he is stepping down as CEO with immediate effect. ayokinews.com reports
Stokely has been replaced by Amrapali Gan, the company’s chief marketing and communications officer.
Gan has a “deep passion” for OnlyFans, according to Stokely’s Instagram post. OnlyFans was started in 2016 by Tim Stokely, his brother Thomas, and their father Guy, and it has since grown to be a popular platform for creators to share content and earn money directly from their fans. It’s most recognized for hosting adult content.
“I’m passing the baton on to a colleague and a friend, who has the vision and drive to help the organisation reach tremendous potential,” Stokely wrote. He didn’t say anything about what he’d do next.
Gan, 36, has only been with OnlyFans since 2020, according to a press announcement.
She was vice president of marketing for “the first cannabis restaurant in the United States” before joining OnlyFans. This is the Cannabis Caf in West Hollywood, California, according to Gan’s LinkedIn. Tallie Spencer of Insider visited the cafe, which had “a cannabis menu made up of edibles, pre-rolled joints, and more” on its menu.
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During the pandemic, OnlyFans saw a surge in users, rising from 20 million pre-pandemic to 120 million by the end of 2020, largely in the United States. According to records for the year to November 2020, the company took a cut of fan subscriptions and recorded a six-fold growth in turnover to 283 million ($377 million) and pre-tax profits of 53 million ($71 million).
However, the company ran into difficulty in August when it announced that it would no longer allow sexually explicit content. Later that month, it reversed its decision, with Stokely claiming that the company’s hand had been pressed by financial partners.
Guy Stokely, a former banker, is still a director at OnlyFans, according to the UK’s Companies House. Leonid Radvinsky, the Ukrainian-American entrepreneur and founder of the webcam porn site MyFreeCams, owns the bulk of the company. Radvinsky attempted to sell a portion of his share in OnlyFans early this year, according to the Financial Times.
In a statement, Gan said: “I am proud to assume this role. I look forward to continuing to work closely with our creator community to help them maximize control over, and monetise, their content.”
