REG - Cornerstone FS PLC - Directorate Change - Appointment of new CEO

Cornerstone FSAnnouncement

15/08/2022 07:00

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RNS Number : 9826V  Cornerstone FS PLC  15 August 2022

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15 August 2022

 

Cornerstone FS plc

("Cornerstone" or the "Company" or the "Group")

 

Directorate Change - Appointment of new CEO

 

Cornerstone FS plc (AIM: CSFS), the cloud-based provider of international
payment, currency risk management and electronic account services to SMEs,
announces the appointment of James Hickman as Chief Executive Officer. James
is serving out his notice with his current employer and so his appointment
will take effect on 12 September 2022.

 

James has over 19 years' experience within the payments industry. Most
recently, James was Chief Revenue Officer at Dublin-based fintech business,
Fire Financial Services Ltd. Previously, James spent nearly five years as
Chief Commercial Officer at AIM-quoted Equals plc. Prior to that he was
Managing Director at a privately held card & payments business, Caxton FX
Ltd. In each role, James was responsible for growing sales, operations and
managing key relationships. At Equals, his role also included investor
relations, fundraising and strategic acquisitions.

 

Commenting on the appointment, Elliott Mannis, said:

"James brings a wealth of industry experience and excellent strategic and
leadership skills to Cornerstone, and I am delighted that he will be our new
Chief Executive Officer. He has impressed the Board with his clarity of
vision, breadth of knowledge and his strong client-centric mindset. The Board
believes he is a great fit for Cornerstone, with the combination of skills and
experience to lead the business through its next strategic phase."

Commenting on his joining Cornerstone, James Hickman added:

"I am delighted to be joining Cornerstone at a very exciting time in the
Group's development. I see great potential in the business from its
proprietary technology to its regulatory permissions. It is already delivering
an exceptional service to its SME customers and the scalable platform is
ideally positioned to add further product capability. I have been impressed by
the quality of our people, and the strength of our culture and our client
relationships, which provide strong foundations on which to build in the years
ahead. I believe we have an exciting future in front of us as we capture
growth opportunities in payment services and deliver value for our
shareholders."

 

The following information is disclosed pursuant to Schedule Two paragraph (g)
of the AIM Rules for Companies:

James Richard Hickman, aged 51, holds or has previously held the follow
directorships:

 

 Current directorships and/or partnerships  Former directorships and/or partnerships (within the last five years)
 Clappar Limited                            Gogo Remit Limited

                                            Q Money Limited

                                            Fresh B2B Ltd

                                            Fairfx Plc

                                            Equals Connect Limited

                                            Fair Payments Limited

 

James Hickman is beneficially interested in 14,410 ordinary shares in
Cornerstone, which represents 0.03 per cent. of the issued share capital of
the Company.

 

Enquiries

 

 Cornerstone FS plc                       +44 (0)203 971 4865
 Elliott Mannis, Non-Executive Chairman

 Judy Happe, Chief Financial Officer

 SPARK Advisory Partners Limited (Nomad)  +44 (0)203 368 3550
 Mark Brady, Adam Dawes

 SP Angel Corporate Finance LLP (Broker)  +44 (0)203 470 0470
 Jeff Keating, Harry Davies-Ball

 Gracechurch Group (Financial PR)         +44 (0)203 488 7510
 Harry Chathli, Claire Norbury

 

About Cornerstone FS plc

 

Cornerstone FS plc is a payments focused fintech business that makes managing
currency simple for SMEs. It provides international payment, currency risk
management and electronic account services using a proprietary cloud-based
multi-currency payments platform. These services are delivered directly and
via white label partners on a SaaS basis to UK-based SMEs that engage in
international trade. Cornerstone also serves some high-net worth individual
clients.

 

Headquartered in the City of London with offices in Tunbridge Wells and Dubai,
Cornerstone is admitted to trading on AIM under the trading symbol 'CSFS'. For
more information, please visit www.cornerstonefs.com.

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