Directorate Change

 

TIDMNEO 
 
RNS Number : 6436S 
Neovia Financial PLC 
21 May 2009 
 

 
 
NEOVIA Financial Plc 
 
 
NEOVIA announces departure of Ron Martin, Chief Executive Officer 
 
 
 
 
Thursday, 21 May 2009 - Further to the announcement made on 13 March 2009, 
NEOVIA Financial Plc (LSE: NEO) ("NEOVIA" or the "Group"), the independent 
global online payments business, confirms that Mr Ron Martin, President & CEO of 
NEOVIA, will leave the Group and step down as a Director of the Board on 31 May 
2009. Mr Dale Johnson, Chairman of the Board, will assume executive 
responsibility for the Group until a new CEO has been appointed. 
 
 
The Board has commenced a process to select a new Group Chief Executive Officer 
and good progress is being made in this regard. 
 
 
During the interim period until a new CEO is appointed, Dan Starr, Executive 
Vice President, and Doug Terry, Chief Financial Officer, will assist the 
Chairman in the day-to-day executive management of the Group's business. These 
responsibilities are in addition to their existing roles.  This is part of a 
broader reorganisation to focus the Group's efforts on meeting the current 
challenges facing the business. 
 
 
Mr Johnson commented "On behalf of the Board and management team, I would like 
to thank Ron for his significant contribution to the Group over four challenging 
years. 
 
 
In the current challenging market conditions, the Board and management team are 
focused on maximising revenues in the short term, maintaining control over costs 
and preserving cash to deliver value for all shareholders." 
 
 
 
 
For further information contact: 
 
 
Andrew Gilchrist + 44 (0) 1624 698 713 
VP Communications, NEOVIA Financial Plc 
Email:[e-mail] 
 
 
Citigate Dewe Rogerson + 44 (0) 207 638 9571 
Sarah Gestetner / George Cazenove 
 
 
Daniel Stewart & Co Plc+ 44 (0) 207 776 6550 
Paul Shackleton 
 
 
 
 
About NEOVIA Financial 
Trusted by consumers and merchants in over 160 countries to move and manage 
billions of dollars each year, NEOVIA Financial Plc (formerly NETELLER Plc) 
operates the world's leading independent online payments business. Through its 
Payment Suite, featuring NETELLER , NETBANX , Net+(TM) and 1-PAY(TM) brands, 
NEOVIA Financial specialises in providing innovative and instant payment 
services where money transfer is difficult or risky due to identity, trust, 
currency exchange, or distance. Being independent has allowed the company to 
support thousands of retailers and merchants in many geographies and across 
multiple industries. 
 
 
NEOVIA Financial Plc is quoted on the London Stock Exchange's AIM market, with a 
ticker symbol of NEO. Subsidiary company NETELLER (UK) Ltd is authorised by the 
Financial Services Authority (FSA) to operate as a regulated e-money issuer. For 
more information about NEOVIA Financial visit www.neovia.com or contact us by 
email at [e-mail]. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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