TIDMWISE
RNS Number : 1216V
Wise PLC
09 December 2021
Changes to Board and Committee Composition
Wise PLC ("Wise"), the global technology company building a
better way to move and manage money around the world, today
announces updates on the structure of its Board and change of
Company Secretary.
Chair succession
As confirmed in the listing prospectus, Taavet Hinrikus will
step down as Chair and Director, and David Wells, currently the
Senior Independent Director, will become Independent Non-Executive
Chair with immediate effect.
David, formerly Chief Financial Officer of Netflix, has been a
director of the Wise Board since July 2019. He has also served as a
member of the Audit and Risk Committee, a role he will now step
down from to ensure Wise complies with the associated requirements
under the UK Corporate Governance Code.
Appointment of Terri Duhon as Independent Non-Executive
Director
In addition, following an extensive search the Board is
delighted to announce the appointment of Terri Duhon as an
Independent Non-Executive Director, with effect from 1 January
2022. Terri holds non-executive board positions at Morgan Stanley
and at Rathbones Group PLC and was previously on the board of
CHAPS. A former derivatives trader, Terri is now an Associate
Fellow, lecturing at Oxford University and will bring to Wise her
deep understanding of the financial industry and risk management.
Terri will also be appointed as a member of the Audit & Risk
Committee.
The Board welcomes David and Terri in their new roles, and
thanks Taavet for his extraordinary contribution to Wise over the
last decade.
Appointment of Jane Fahey as Company Secretary
Wise also announces the appointment of Jane Fahey as Company
Secretary, with effect from 1 January 2022. Currently Deputy
Company Secretary, Jane will replace Dean Nash, Company Secretary
and General Counsel, in this position.
Taavet Hinrikus, Co-Founder and current Chair, commented:
Kristo and I founded Wise with a clear mission: to fix the
international money problem by making it faster, cheaper and more
transparent to move and manage money across borders. We have made
huge progress on that mission, saving people billions along the
way. I'm very proud of what we've achieved over the last decade and
I'm excited for what lies ahead. While I'll always remain Wise's
co-founder, I've completed my entrepreneurial circle at Wise. I'm
now officially handing over the reins as Chairman to David, who has
lots of experience working with disruptive companies such as
Netflix. He'll be a great leader for the Board as Wise takes the
next steps towards achieving its mission of money without
borders."
David Wells, Senior Independent Director and Chairman-Elect,
said:
"With its mission to build money without borders, Wise is
fundamentally disrupting how we move and manage money in an
internet-driven, interconnected world. I have had the pleasure over
the last 3 years of working closely with Taavet, Kristo and other
Board Members as Wise scaled globally, and marked a significant
milestone earlier this year in becoming a publicly listed company.
I look forward to continuing Taavet's legacy as Chair, and helping
to bring new customer first ways to move and manage money to more
people and businesses around the world."
Terri Duhon, Independent Non-Executive Director, said:
"The very nature of financial services has changed over the past
decade and Wise has been at the forefront of that revolution. It
fundamentally reinvented how money moves across borders and brought
international banking to people around the world, levelling the
playing field. Their transparency and commitment to financial
inclusion is an objective I share. I'm delighted to join the Wise
team and contribute to their mission."
Kristo Käärmann, Co-founder and Chief Executive Officer,
remarked:
"When Taavet and I started out a decade ago, we wanted to make
moving money faster, easier and cheaper for everyone, everywhere.
We started with money transfers. Since then, we've made a lot of
progress. Today, people and businesses around the world can use
Wise to not just send money, but also spend and receive it using
the real exchange rate. Wise is where it is now because of our
shared vision, focus on the mission, and the close partnership
we've had as entrepreneurs together. Wise has benefited greatly
from Taavet's leadership and I'm excited to see what he does
next.
I'm also delighted to welcome David into his new role as
Chairman, and Terri to the Board. David has a wealth of experience
operating and scaling disruptive companies, and I look forward to
working with him even more closely as we enter a new phase of
growth at Wise. Likewise, Terri has a deep understanding of the
financial industry and a track record in pioneering new products in
global markets. Her experience will be an invaluable asset for the
Board.
About Wise
Wise is a global technology company, building the best way to
move money around the world. With the Wise account people and
businesses can hold over 50 currencies, move money between
countries and spend money abroad. Large companies and banks use
Wise technology too; an entirely new cross-border payments network
that will one day power money without borders for everyone,
everywhere. However you use the platform, Wise is on a mission to
make your life easier and save you money.
Co-founded by Kristo Käärmann and Taavet Hinrikus, Wise launched
in 2011 under its original name TransferWise. It is one of the
world's fastest growing tech companies and is listed on the London
Stock Exchange under the ticker, WISE.
Over 11 million people and businesses have used Wise since it
was founded. Today we process over GBP6 billion in cross-border
transactions every month, saving customers over GBP1 billion a
year.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOATLBLTMTMMMPB
(END) Dow Jones Newswires
December 09, 2021 04:10 ET (09:10 GMT)
Wise (LSE:WISE)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Wise (LSE:WISE)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024