21 January
2025
W.A.G payment solutions
plc
("Eurowag" or the
"Company")
Board changes
The Company announces that its Chairman, Paul
Manduca, has given the Board notice of his intention to step down
as Chairman and Director of the Company at the conclusion of the
Annual General Meeting ("AGM") on 22 May 2025. Paul joined
the Board in September 2021 and led the Company through its listing
on the London Stock Exchange.
The Company is pleased to announce that Steve
Dryden will succeed Paul as Chairman following the AGM. Steve
was appointed as a Non-Executive Director in June 2023 and has
served as Chair of the Group's Audit & Risk Committee since
then.
The Company also announces that Sharon
Baylay-Bell, who was appointed to the Board in September 2021, has
given her notice to step down from the Board and from her role as
Chair of the Remuneration Committee. As part of its ongoing
succession planning, the Company is pleased to announce that Sophie
Krishnan, who was appointed as Non-Executive Director in March
2024, will succeed Sharon as Chair of the Remuneration Committee,
and will be supported by Sharon as she works through her notice
period.
Paul Manduca,
Chairman commented:
"We have made significant progress since IPO,
undertaking transformational M&A activity and positioning the
Company for its next phase of growth, all the while delivering
impressive earnings growth and doubling EBITDA. I remain confident
in the outlook for the Group. Steve is a natural successor
who will guide the Company through its next phase of growth, and I
wish him and the team well for the future."
Martin Vohánka
said:
"I want to acknowledge the huge debt of
gratitude we owe to Paul for steering Eurowag through its IPO and
the first few years as a listed company as we transformed into a
leading tech-focused business serving the commercial road
transportation industry in much need of digitisation. I would also
like to thank Sharon for the significant role she played in our
success, and I wish her well in her new endeavours.
I am very pleased to welcome Steve to the role
of Chairman. In his existing role as Non-Executive Director, he has
shown himself to be the ideal candidate to lead our Board as
Eurowag enters the next stage of its growth story. I look forward
to continuing to work with him."
ENQUIRIES
Eurowag
Carla Bloom
VP Investor
Relations and Communications
+44 (0) 789 109 4542
investors@eurowag.com
Sodali and
Co
Justin Griffiths, Gilly Lock
IR and
international media
+44 (0)20 7100 6451
eurowag@sodali.com
About
Eurowag
Eurowag was founded in 1995 and is a leading
technology company and an important partner to Europe's CRT
industry, with a purpose to make it clean, fair and efficient.
Eurowag enables trucking companies to successfully transition to a
low carbon, digital future by harnessing all mission critical data,
insights and payment and financing transactions into a single
ecosystem and connects their operations seamless before a journey,
on the road and post-delivery.
http://www.eurowag.com