Wise PLC Management Update (1133A)
22 Mai 2023 - 8:00AM
UK Regulatory
TIDMWISE
RNS Number : 1133A
Wise PLC
22 May 2023
This Announcement contains Inside Information
22 May 2023
Management Update
The Chief Financial Officer of Wise plc, Matthew Briers, has
notified the Board of his intention to step down from his role at
Wise by March 2024 after eight years in the role and to focus on
making a full recovery from his accident last year. A comprehensive
search for a new CFO will commence immediately.
Matthew Briers, CFO, said:
After almost eight years it's time for me to think about my life
after Wise.
I'm incredibly proud of what we have achieved in these early
chapters at Wise and could not be more excited about what is ahead
for the business. Wise is growing fast, with a massive opportunity
in front of us, and we've bucked the trend by working out how to do
this profitably.
Wise will likely have many CFOs in its first century and this is
simply me starting the process of handing over the reins to the
next one. But some of you may know that a year ago I returned back
to work at Wise after a quite horrible accident where I went under
the wheels of a bus, and so, with this in mind, my focus will shift
to making a full recovery.
Wise has been the most exhilarating and worthwhile experience of
my working life. I love my team, and the leaders I work with every
day. The customers and shareholders are in great hands.
To support an orderly transition I plan to remain as CFO into
the new year. In this period we'll be working out the transition
and will keep folks updated once we have news to share.
Kristo Käärmann, CEO, said:
Matt joined us at the time when only around 500,000 people had
used Wise and we were losing money. He helped us scale up into a
global service that today 16 million people and businesses around
the world know they can count on.
I will always be grateful that Matt decided to jump on and build
this rocket ship with us. His contributions will continue to shape
Wise for years to come.
Matt and I will be working closely through this period with
other leaders at Wise to support the transition.
David Wells, Chair of Wise, said:
I have really enjoyed working with Matt in his capacity as CFO,
Board Member, and member of the Senior Leadership Team at Wise. He
has been instrumental in helping Wise scale, not just rapidly, but
profitably - a combination that has fuelled Wise's global growth
and created a formula for continued success.
I benefited from watching Matt work at close quarters, and wish
him a full and fast recovery from his accident last year.
I will also be working closely with him and the rest of the
team, and Board as we commence our search for a new CFO.
Enquiries
Martyn Adlam - Head of Owner Relations
martyn.adlam@wise.com
Sana Rahman - Global Head of Communications
press@wise.com
Brunswick Group
Charles Pretzlik / Sarah West / Nick Beswick / Daniel
Holgersson
Wise@brunswickgroup.com
+44 (0) 20 7404 5959
About Wise
Wise is a global technology company, building the best way to
move and manage money around the world. With Wise Account and Wise
Business, 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 16 million people and businesses use Wise. Today we process
on average GBP9 billion in cross-border transactions every month,
saving customers around GBP1.5 billion a year.
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