Tim Stokely, the founding father of OnlyFans, introduced on Monday that he’s stepping down as CEO of the video subscription firm.

In an Instagram publish, Stokely stated he’s “transferring on to new challenges” after 5 years on the helm of the corporate.

Amrapali Gan, who joined OnlyFans as its chief advertising and communications officer final yr, will take over as CEO.

“I am passing the baton on to a colleague and a good friend, who has the imaginative and prescient and drive to assist the group attain great potential,” Stokely stated.

Earlier than OnlyFans, Gan was vice chairman of selling for the Hashish Cafe in Los Angeles — the primary hashish restaurant in the US — the place she labored on its launch and rebranding after it break up from the Lowell Herb Co.

OnlyFans started as a platform for celebrities and sports activities personalities to provide movies and images to share with subscribing followers.

However the UK-based firm grew to become identified for sexually specific and different grownup content material.

In August, OnlyFans introduced it could ban sexually specific content material, underneath strain from its banking companions. However the firm reversed the choice days later, following backlash from content material creators. Intercourse employees stated they’d helped create the corporate’s success and recognition solely to be left within the mud. OnlyFans stated it was ultimately capable of safe funding to proceed permitting all method of content material on its platform.

OnlyFans says it has paid out greater than $5 billion to 1.5 million creators thus far.

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