Paypoint plc Paypoint Plc : Board And Leadership Changes
February 19 2019 - 4:00AM
UK Regulatory
TIDMPAY
For Immediate Release 19 February 2019
PayPoint plc
("PayPoint" or the "Company")
Board and Leadership Changes
After 21 years leading PayPoint, PayPoint plc today announces that
Dominic Taylor will step down from his role as Chief Executive and
director of the Board with effect from 1 April 2019.
The Company is pleased to announce that Patrick Headon will join the
Board as the Company's new Chief Executive on the same date. Patrick
Headon is a highly experienced senior executive, with extensive relevant
experience in FMCG, digital and B2B services, having previously been
Managing Director of Wolseley UK, Business Development Director, Europe
at eBay and Managing Director, Central & Eastern Europe at Diageo.
Patrick Headon will join the business on 1 March 2019, allowing some
time to familiarise himself with the business, before taking on the role
of Chief Executive on 1 April 2019. In order to ensure a thorough
transition Dominic will continue as an employee until 31 December 2019.
The Company is also pleased to announce that Lewis Alcraft, a member of
the Executive Board, will be appointed as Chief Commercial Officer,
responsible for PayPoint's commercial strategy development and execution
with effect from 1 April 2019.
Dominic Taylor, Chief Executive, said:
"It has been an honour to lead PayPoint for some 21 years, from a small
start up to the scale and capability of the public company it is today.
It has been an enormous privilege to work with the many talented and
committed people in the PayPoint team and I am very grateful to have
enjoyed their support, alongside that of our retailers and clients, in
building a unique and successful business providing important services
to consumers. I look forward to working closely with Patrick Headon to
ensure a smooth handover and I am confident that he will lead PayPoint
to even greater success in the future."
Nick Wiles, Chairman of PayPoint, said:
"Dominic has been an outstanding leader of the business during his time
as Chief Executive. He has made a significant contribution to
establishing the Company we are today, based on strong values, an
entrepreneurial spirit and a focus on delivering value for all
stakeholders. With the support of a strong team, he has built the
leading bill payments and retail services provider in the UK and Romania
and made significant progress against our strategy of embedding PayPoint
at the heart of convenience retailing. More recently this has resulted
in a simplified and more focused business with a clear roadmap against
which to implement our strategy. On behalf of the board and shareholders
I would like to thank Dominic for his enormous contribution during his
significant time in the business.
"The Board is delighted to welcome Patrick Headon to the Company
following a thorough and rigorous search process. The combination of
Patrick's experience, drive and track record in delivering on strategy,
makes him the ideal candidate to lead PayPoint. The Board and I are
looking forward to working with him."
Patrick Headon said:
"I am honored and delighted to be appointed as the next Chief Executive
of PayPoint. I look forward to joining the business, meeting
customers, retailers and other stakeholders as I work with the Executive
team to execute the strategy and realise the significant opportunities
available to PayPoint and its shareholders."
There are no further disclosures required for the purposes of Listing
Rules 9.6.11 and 9.6.13.
Dominic will not receive a termination payment and full details of his
remuneration arrangements will be uploaded to the Company's corporate
website in accordance with section 430(2B) of the Companies Act 2006
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.
Ends
Enquiries
PayPoint plc Finsbury
01707 600 300 0207 2513 801
Susan Court, Company Secretary Rollo Head
Board and Leadership changes:
http://hugin.info/137093/R/2235581/880106.pdf
This announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: PayPoint plc via Globenewswire
http://www.paypoint.co.uk/default.htm
(END) Dow Jones Newswires
February 19, 2019 04:00 ET (09:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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