Appointment of CEO
August 19 2009 - 2:00AM
UK Regulatory
TIDMNEO
RNS Number : 6614X
Neovia Financial PLC
19 August 2009
NEOVIA Financial Plc
Appointment of Mark Mayhew as President & Chief Executive Officer
to lead next stage of NEOVIA's development
Wednesday, 19 August 2009 - NEOVIA Financial Plc ("NEOVIA" or the "Company")
(NEO.L) the independent online payments business, is pleased to announce the
appointment of Mark Mayhew as President and Chief Executive of NEOVIA,
commencing 1 September 2009.
Mark has a highly successful track record in senior executive roles in consumer
financial services companies in the UK and internationally. The major part of
his career has been with blue chip corporations, primarily in retail financial
services and cards and payments operations (including leading NatWest's issuing
and acquiring businesses as COO, and Head of UK Consumer Banking at Morgan
Stanley) and leading CIMS, the individual memberships business of Cendant. He
served as Non Executive Director with a specialist technology consulting
business, Detica Group Plc (a FTSE 250 business), until its acquisition last
year by BAE Systems plc. Most recently, Mark was chief executive of Debrett's
Limited and is also currently non-executive Chairman of the JAC Travel Group,
guiding the next stage of its strategic development.
Mark was appointed following a comprehensive, international search process. The
Chairman of NEOVIA, Dale Johnson, commented: "Mark was the stand-out candidate
from a number of very strong individuals and we are particularly pleased to
welcome him as NEOVIA's new President & CEO. Mark is a very accomplished
executive and his proven credentials in strategy formulation, operational
development and Plc governance, coupled with his deep financial services and
payments expertise, uniquely qualify him to lead NEOVIA at this exciting time."
Mark Mayhew added, "I am delighted to have been appointed President & CEO of
NEOVIA. The Company has a strong track record and also an eventful history but I
am excited by the opportunity to drive NEOVIA's next phase of growth, building
on the Group's vision to deliver bold payment solutions to selected e-commerce
communities. The current downturn means that we face some short-term challenges
but, in the longer term, I believe the Group is well positioned to make real and
sustained progress and deliver significant benefits to its customers, merchants,
investors, and employees.'
Mr Mayhew, aged 49, has no beneficial interest in the Company's issued share
capital as at the date of this announcement.Save as disclosed below in appendix
1, and in accordance with AIM Rule 17, there is nothing further to disclose
under Schedule Two, paragraph (g) of the AIM Rules.
For further information contact:
NEOVIA Financial Plc
Andrew Gilchrist, VP Communications + 44 (0) 1624 698 713
Email:investorrelations@neovia.com
Twitter: https://twitter.com/neovia
Citigate Dewe Rogerson+ 44 (0) 207 638 9571
Sarah Gestetner / George Cazenove
Daniel Stewart & Co Plc + 44 (0) 207 776
6550
Paul Shackleton
* * * * *
About NEOVIA Financial
Trusted by consumers and merchants in over 160 countries to move and manage
billions of dollars each year, NEOVIA Financial Plc (formerly NETELLER Plc)
operates the world's leading independent online payments business. Through its
Payment Suite, featuring NETELLER , NETBANX , Net+(TM) and 1-PAY(TM) brands,
NEOVIA Financial specialises in providing innovative and instant payment
services where money transfer is difficult or risky due to identity, trust,
currency exchange, or distance. Being independent has allowed the company to
support thousands of retailers and merchants in many geographies and across
multiple industries.
NEOVIA Financial Plc is quoted on the London Stock Exchange's AIM market, with a
ticker symbol of NEO. Subsidiary company NETELLER (UK) Ltd is authorised by the
Financial Services Authority (FSA) to operate as a regulated e-money issuer. For
more information about NEOVIA Financial visit www.neovia.com or contact us by
email at investorrelations@neovia.com.
Appendix 1
The following information is disclosed pursuant to Rule 17, Schedule Two,
paragraph (g) of the AIM Rules:
Current directorships
JAC Group (Holdings) Limited
Debrett's Limited
Past directorships
PIP Plus Ltd
Detica Group PLC (Limited)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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