TIDMMONI
RNS Number : 7743I
Monitise PLC
04 June 2014
Monitise announces Board appointments
Elizabeth Buse joins Group to work alongside Alastair Lukies in
new co-CEO role
Amanda Burton and Paulette Garafalo appointed independent
Non-Executive Directors
LONDON - 4 June, 2014 - Monitise plc (LSE: MONI, "Monitise" or
the "Company"), a global leader in Mobile Money solutions, today
announces a series of updates to its executive leadership team and
Board of Directors.
Former Visa Inc. payments executive Elizabeth Buse has been
appointed co-Chief Executive of Monitise Group, effective
immediately. Elizabeth also joins the Company's Board of
Directors.
Elizabeth will work alongside Monitise founder Alastair Lukies
in his capacity as CEO of the plc business. Lee Cameron continues
his role as the Group's Chief Commercial Officer and Deputy
CEO.
Commenting on the appointment, Lukies said: "Elizabeth, who has
been familiar with Monitise over a number of years, is a
universally respected and talented executive with incredible
expertise in international payments."
Elizabeth, an American national who was a member of the Monitise
Board from July 2010 to October 2012, will head Monitise's
day-to-day operations, overseeing technology, product, sales and
marketing while Alastair focuses on key relationships with partners
and industry stakeholders, corporate development and major
shareholders. Strategy will continue to be set by the executive
leadership team in conjunction with the Board.
Monitise's growing ecosystem of partners and clients includes
more than 350 banks, payment services companies such as Visa Inc.,
Visa Europe and MasterCard as well as Vocalink, FIS and IBM. In the
mobile space, Monitise's customers include Telefónica, Samsung,
PCCW Mobile, Turkcell and BlackBerry. In the retail ecosystem they
include brands such as Blackhawk Network Holdings with its network
of more than 500 content providers operating in the US and 18 other
countries, eBay, Turkey's Bilyoner and Biletix, Venda, B&Q,
Carphone Warehouse and Premier Inn.
Alastair and Elizabeth, along with the rest of the Monitise
executive team, will lead Monitise as it continues to execute its
Mobile Money growth strategy. As announced in March 2014, the
Company aims to increase its registered users from 28 million to
200 million by the end of FY 2018, growing its user-generated
revenue through mobile banking, payments and commerce.
Lukies added: "I am delighted that Elizabeth is joining us at
such an important point in the Monitise journey to help me lead the
next chapter in our history. On behalf of our staff around the
world I welcome Elizabeth and very much look forward to working
shoulder to shoulder with her, leveraging our complementary skills
as we capitalise on the global Mobile Money opportunity."
Commenting on her appointment, Buse said: "Monitise occupies a
unique position in the global Mobile Money ecosystem as one of the
few technology enablers with proven bank-grade solutions across
banking, payments and commerce. I am enormously impressed by the
Group's quality of products and services, the technology and, most
of all, the people. I cannot see a better-placed business to take
advantage of the Mobile Money opportunity and am delighted to be
joining Monitise."
Elizabeth's appointment comes after she stepped down from her
role running international operations at Visa Inc. in March 2014 as
Executive Vice President of Solutions. She joined Visa Inc. in 1998
and during her time there held roles including Group President of
Asia Pacific, Central Europe, Middle East and Africa, Global Head
of Product, Executive Vice President of Product Development and
Management and Executive Vice President of Emerging Markets &
Technologies.
Prior to joining Visa in 1998, Elizabeth served as Vice
President of Strategic Initiatives for the Electronic Funds
Division of First Data Corp. Elizabeth has served as a Director at
International Museum of Women and was also a Director of Artio
Global Investors Inc. from September 2009 to January 29, 2013.
Elizabeth, aged 53, holds a Master's Degree in Business
Administration from the Haas School at the University of California
Berkeley, is a Graduate Fellow in Spanish Linguistics at the
Universidad Complutense in Madrid, Spain, and holds a Bachelor's
Degree (BA) in Spanish Linguistics from the University of
California, Los Angeles. Elizabeth does not hold any shares in
Monitise.
New Non-Executive Directors appointed
Monitise is also pleased to announce today that two new
Non-Executive Directors have been appointed to the Group's Board:
Amanda Burton and Paulette Garafalo.
Amanda Jane Burton, aged 55, has been Global Chief Operating
Officer at Clifford Chance LLP, since 2010. Amanda was appointed to
the Board of Galliford Try Plc in July 2005 as Independent
Non-Executive Director and has been Senior Independent Director and
Chairman of the Remuneration Committee since 2008. She was
previously a Non-Executive Director of Fresca Group Limited and a
Director of Meyer International plc and Chairman of its Timber
Group. Amanda is also a Trustee of Battersea Dogs and Cats Home.
Amanda holds 158,449 shares in Monitise, representing 0.01% of the
voting rights of the Company.
Paulette Garafalo, aged 57, has been President of Brooks
Brothers international, wholesale and manufacturing since 2010,
where she has been responsible for developing a global retail
business. Paulette was previously CEO of the Americas at the luxury
retailer Bally and CEO and Group President of the luxury apparel
brand Hickey Freeman. Paulette does not hold any shares in
Monitise.
Monitise Chairman Peter Ayliffe said: "We are delighted to
welcome Elizabeth, Amanda and Paulette to the Monitise Board. They
bring exceptional global experience and knowledge spanning
payments, retail, legal and financial services to the table. It
says a lot about the business and our ambitions that we are able to
attract such outstanding talent to our Board. They join at an
incredibly exciting time for the business as we drive deeper
in-roads into the mobile commerce space and work towards the
delivery of our operating plan through to 2018 as outlined in March
this year."
Grant of options
Monitise is also announcing that Elizabeth Buse has today been
granted five million options over ordinary shares of 1p each in the
company. These options have been granted under the Monitise
Performance Share Plan with a 1p exercise price and vest at the end
of a three year term from date of grant if the average share price
over the three month period immediately prior to vesting is at
least 68 pence.
There are no further disclosures required pursuant to Schedule
2, paragraph (g) of the AIM Rules for Companies in respect of the
appointments.
Peter Ayliffe, Alastair Lukies, Elizabeth Buse and Lee Cameron
will host a conference call for investors and analysts on Wednesday
June 4 2014 at 9.00am BST.
Dial-in details are as follows:
Conference ID and name: 54287712 & 'Monitise call'
UK Free Dial-In: 08006940257
Standard International Dial-In: +44 (0) 1452 555566
US Dial-In: +1 (866) 966-9439
A replay facility will also be available from 2pm BST on
Wednesday 4 June 2014 on the following numbers:
UK Free Dial-In Call: 08009531533
Standard International: +44 (0)1452 550000
USA Dial-In: +1 (866) 247-4222
The replay facility will be available for seven days.
About Monitise
Monitise (LSE: MONI) is a world leader in Mobile Money -
banking, paying and buying with a mobile device. Leading banks,
payments companies, retailers and mobile networks utilise
Monitise's technology platforms and services to securely connect
people with their money.
Already 28 million consumers benefit from Monitise's patented
technology to 'bank anywhere', 'pay anyone' and 'buy anything',
accounting for $71bn of payments, purchases and transfers annually.
More information is available at www.monitise.com.
For further information:
Investor Relations Tel: +44(0)20 3657
Andrew Griffin, Haya Herbert-Burns 0366
investorrelations@monitise.com
Media Relations
Gavin Haycock Tel: +44(0)20 3657
Gavin.haycock@monitise.com 0362
Canaccord Genuity
Simon Bridges, Cameron Duncan
Tel: +44(0)20 7523
FTI Consulting 8000
Charles Palmer, Sophie McMillan
Tel: +44(0)20 3727
1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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