WAG Payment Solutions Plc (the "Company" or
"Eurowag")
Board changes
With the Board's focus on supporting the development
of the integrated technology platform, the Company is delighted to
announce the appointments of Kevin Li Ying and Sophie Krishnan as
non executive directors to the Board with effect from 1 March
2024.
Both Kevin and Sophie will join the Audit & Risk
Committee and the Remuneration Committee.
Kevin has over 20 years' experience in
technology, most recently as Chief Technology Officer with Future
Plc where he has helped transform the business from a traditional
print publisher to a global online media platform. Over his
career, Kevin has developed a strong understanding of the
commercial levers and technology architecture that drive value.
Kevin also serves as Executive Director and Board Member of
GoCompare.com Ltd, the price comparison website for financials and
non-financials products.
Sophie is an accomplished leader in both business to
consumer and business to business digital organisations which have
had considerable success in growing revenue and profits. She is
currently the CEO of Lokalise Inc and was a director of NYSE listed
Avanti Acquisition Corp from October 2020 to October 2022.
She has served as CEO at CarNext, as Chief Operating
Officer at Zepz (formerly WorldRemit Ltd) and has been a senior
executive at Trainline Ltd and Expedia Inc. She has significant
experience in leading technological change, growth and delivery in
technology led businesses.
Commenting on the appointments, the Company's
Chairman, Paul Manduca, said:
"Kevin brings an in depth understanding of technology
and the challenges of scaling technological assets to support
growth. Sophie has demonstrable skills in the use of digital
platforms to enhance customer engagement and build market
share. I am delighted that they are both joining the
Board."
The Directors have determined that both Kevin and
Sophie are independent and, in making that determination, the
Directors have concluded that there are no other relationships or
circumstances which are likely to affect either new appointees'
judgement and that any relationships or circumstances which could
appear to do so were not considered to be material. In
accordance with Listing Rule 9.6.15, the Company confirms that
there are no further details to be disclosed pursuant to Listing
Rule 9.6.13.
The Company further announces that that Susan
Hooper will not seek re-election to the Board at the Company's
Annual General Meeting ('AGM') on 16 May 2024 and will formally
retire from the Board at the conclusion of the AGM.
The Chairman, Paul Manduca, said:
"On behalf of the Board, I would like to thank
Susan for her commitment and contribution to the Board and its
Committees since our IPO. She has provided excellent guidance
and counsel to the Board and the Audit and Risk and Remuneration
Committees and in particular, as our Board representative for ESG
matters, has been instrumental in the development of our
sustainability strategy and its integration into the
Group."
For the purposes of section 430(2B) of the
Companies Act 2006, Susan will receive her pro rata entitlement to
non-executive Director fees for the month of May 2023 and is not
entitled to any payments for loss of office.
ENQUIRIES
Eurowag
Carla Bloom
Head of
Investor Relations and Communications
+44 (0) 789 109 4542
investors@eurowag.com
Instinctif
Partners
Bryn Woodward
IR and
international media
+44 (0)20 7457 2020
eurowag@instinctif.com
About
Eurowag
Eurowag was founded in 1995 and is a leading
pan-European integrated payments and mobility platform focused on
the Commercial Road Transportation industry("CRT"). Eurowag's
innovative solutions makes life simpler for small and medium
businesses in the CRT industry across Europe through its unique
combination of payments solutions, seamless technology, a
data-driven digital ecosystem and high-quality customer service.
https://investors.eurowag.com