Paypoint plc Paypoint Plc : Board And Leadership Changes

 
TIDMPAY 
 
   For Immediate Release                                                                                      19 February 2019 
 
 
   PayPoint plc 
 
   ("PayPoint" or the "Company") 
 
   Board and Leadership Changes 
 
   After 21 years leading PayPoint, PayPoint plc today announces that 
Dominic Taylor will step down from his role as Chief Executive and 
director of the Board with effect from 1 April 2019. 
 
   The Company is pleased to announce that Patrick Headon will join the 
Board as the Company's new Chief Executive on the same date. Patrick 
Headon is a highly experienced senior executive, with extensive relevant 
experience in FMCG, digital and B2B services, having previously been 
Managing Director of Wolseley UK, Business Development Director, Europe 
at eBay and Managing Director, Central & Eastern Europe at Diageo. 
 
   Patrick Headon will join the business on 1 March 2019, allowing some 
time to familiarise himself with the business, before taking on the role 
of Chief Executive on 1 April 2019. In order to ensure a thorough 
transition Dominic will continue as an employee until 31 December 2019. 
 
 
   The Company is also pleased to announce that Lewis Alcraft, a member of 
the Executive Board, will be appointed as Chief Commercial Officer, 
responsible for PayPoint's commercial strategy development and execution 
with effect from 1 April 2019. 
 
   Dominic Taylor, Chief Executive, said: 
 
   "It has been an honour to lead PayPoint for some 21 years, from a small 
start up to the scale and capability of the public company it is today. 
It has been an enormous privilege to work with the many talented and 
committed people in the PayPoint team and I am very grateful to have 
enjoyed their support, alongside that of our retailers and clients, in 
building a unique and successful business providing important services 
to consumers. I look forward to working closely with Patrick Headon to 
ensure a smooth handover and I am confident that he will lead PayPoint 
to even greater success in the future." 
 
   Nick Wiles, Chairman of PayPoint, said: 
 
   "Dominic has been an outstanding leader of the business during his time 
as Chief Executive.  He has made a significant contribution to 
establishing the Company we are today, based on strong values, an 
entrepreneurial spirit and a focus on delivering value for all 
stakeholders. With the support of a strong team, he has built the 
leading bill payments and retail services provider in the UK and Romania 
and made significant progress against our strategy of embedding PayPoint 
at the heart of convenience retailing. More recently this has resulted 
in a simplified and more focused business with a clear roadmap against 
which to implement our strategy. On behalf of the board and shareholders 
I would like to thank Dominic for his enormous contribution during his 
significant time in the business. 
 
   "The Board is delighted to welcome Patrick Headon to the Company 
following a thorough and rigorous search process. The combination of 
Patrick's experience, drive and track record in delivering on strategy, 
makes him the ideal candidate to lead PayPoint. The Board and I are 
looking forward to working with him." 
 
   Patrick Headon said: 
 
   "I am honored and delighted to be appointed as the next Chief Executive 
of PayPoint.  I look forward to   joining the business, meeting 
customers, retailers and other stakeholders as I work with the Executive 
team to execute the strategy and realise the significant opportunities 
available to PayPoint and its shareholders." 
 
   There are no further disclosures required for the purposes of Listing 
Rules 9.6.11 and 9.6.13. 
 
   Dominic will not receive a termination payment and full details of his 
remuneration arrangements will be uploaded to the Company's corporate 
website in accordance with section 430(2B) of the Companies Act 2006 
 
   This announcement contains inside information as defined in Article 7 of 
the Market Abuse Regulation No. 596/2014. Upon the publication of this 
announcement, this inside information is now considered to be in the 
public domain. 
 
   Ends 
 
 
 
 
Enquiries 
PayPoint plc                    Finsbury 
01707 600 300                   0207 2513 801 
Susan Court, Company Secretary  Rollo Head 
 
 
   Board and Leadership changes: 
http://hugin.info/137093/R/2235581/880106.pdf 
 
   This announcement is distributed by West Corporation on behalf of West 
Corporation clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: PayPoint plc via Globenewswire 
 
 
  http://www.paypoint.co.uk/default.htm 
 

(END) Dow Jones Newswires

February 19, 2019 04:00 ET (09:00 GMT)

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