Net1 Appoints Chris Meyer As Group CEO
June 30 2021 - 9:00AM
Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) (“Net1” or
the “Company”) today announced that it has appointed Chris Meyer as
Group Chief Executive Officer (“CEO”) as of July 1, 2021.
A highly accomplished financial services
executive with over 23 years in the industry, Mr. Meyer makes the
move to Net1 after a 20-year career with Investec Bank Plc
(“Investec”). From his base in London, Chris led Investec’s
international Corporate & Investment bank, serving over 100,000
corporate and institutional clients across seven countries. He was
also an executive director for Investec and various international
and regional subsidiaries.
“After a thorough and rigorous search process,
we are delighted to welcome Chris as Group CEO. Chris has a strong
track record in building world-class teams as well as building and
scaling businesses to achieve growth at pace across multiple
geographies and cultures. With his strong South African roots and
experience growing businesses across the world, we are proud to
have an executive of Chris’ caliber join us to lead the group and
to work with Lincoln Mali, our Southern African CEO. This is in
line with our growth ambitions for the Net1 Group,” said the Board
of Directors of Net1. “We also thank Alex Smith for serving as the
Interim Group CEO during this period of transition.”
As of July 1, 2021, Alex Smith will revert to
his role as Chief Financial Officer.
Mr. Meyer said: “I am delighted to be appointed
as Group CEO of Net1. I am passionate about building people, teams
and businesses, and inspired by watching them grow. Net1 has
incredible assets and capabilities, in South Africa and abroad. As
a proud South African I am incredibly excited to be joining Net1 at
such a pivotal stage in its journey, as we re-set our vision and
build a world class, inclusive and transparent banking offering for
the unbanked and underbanked in South Africa. Like my new
colleagues, this is a mission that has deep personal meaning for me
and is something we will deliver on with focus and passion. I aim
to work towards creating a company that will be a force for good
whilst also unlocking value for shareholders.”
About Net1
Net1 is a South African-focused financial
technology company with a presence in Africa and Asia. Net1
utilizes its proprietary banking and payment technology to
distribute low-cost financial and value-added services to
underserved consumers and small businesses. The Company also
provides transaction processing services, including being a payment
processor and bill payment platform in South Africa. Net1 leverages
its strategic investments in banks, telecom and mobile payment
technology companies to further expand its product offerings or to
enter new markets.
Net1 has a primary listing on NASDAQ (NasdaqGS:
UEPS) and a secondary listing on the Johannesburg Stock Exchange
(JSE: NT1). Visit www.net1.com for additional information about
Net1.
Investor Relations Contact:Dara Dierks Managing
Director – ICR Email: net1IR@icrinc.com
Media Relations Contact:Bridget
von HoldtBusiness Director – BCWPhone: +27-82-610-0650Email:
Bridget.vonholdt@bcw-global.com
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