REG - Eurowag - Board Changes

WAG Payment SolutionsAnnouncement

07/02/2024 14:45

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RNS Number : 3825C  Eurowag  07 February 2024

 

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
(https://investors.eurowag.com)

 

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