Business
Board and Leadership Changes
Board and Leadership Changes.
About this update from Paypoint Plc
[{"type":"text","content":"\n \n \n Board and Leadership Changes\n \n \n \n This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n 20th May 2020\n \n Board and Leadership Changes\n \n Further to the announcement made on 19th March 2020 regarding the temporary suspension of the CEO search process, PayPoint plc (“PayPoint”) is today pleased to announce the appointment of Nick Wiles as Chief Executive.\n The Board is delighted to confirm this appointment which follows both a thorough recruitment search and consideration of the needs of the business as it emerges from the Covid-19 crisis. The Board believes that Nick’s leadership will provide the business with the clarity, stability and continuity required to enable continued progress against its’ strategic priorities and delivery of a stronger platform for long-term growth.\n Nick joined the Board in October 2009 as a Non-Executive Director and has been Chairman of the Company for the past 5 years. Since September 2019 he has been operating in the capacity of Executive Chairman after Patrick Headon stepped down from the board due to ill health. As a result of this appointment, Nick has stepped down from the Board of Picton Property Income Limited where he was a Non-Executive Director.\n Giles Kerr, currently Senior Independent Director and Chairman of the Audit Committee, will take over from Nick as Chairman of the Board and Chair of the Nomination Committee. Both Nick and Giles will move into their new roles immediately and Giles will continue to carry out his chairmanship duties of the Audit Committee until such time as a new Chair of the Audit Committee can be appointed. Rakesh Sharma, the Chair of the Remuneration Committee, has been appointed Senior Independent Director, taking over from Giles with immediate effect.\n PayPoint plc also announces today that Rachel Kentleton is to step down from her role as Finance Director.\n Nick Wiles, CEO of PayPoint said “The Board are grateful to Rachel for her contribution to PayPoint since 2017. She has built an excellent finance function, delivered a step change in PayPoint’s systems and data, maintained a strong balance sheet and provided leadership across the wider organi...