Boku Inc Directorate Change (2338O)
01 Octubre 2019 - 1:01AM
UK Regulatory
TIDMBOKU
RNS Number : 2338O
Boku Inc
01 October 2019
Boku, Inc.
("Boku" or the "Company" and, together with its subsidiaries,
the "Group")
Directorate Change
Boku (AIM: BOKU), the world's leading independent direct carrier
commerce company, today announces important changes to its
executive team. Stuart Neal, Chief Finance Officer ("CFO") will be
moving internally to lead the new Identity division with the
responsibility of growing revenue as its Chief Business Officer
with effect from 1 October 2019.
The Board is also pleased to announce the appointment of Keith
Butcher as CFO with effect from 1 October 2019. Keith has been an
Independent Non-Executive Director and Chairman of Boku's Audit
Committee since 2017. Stuart will remain an executive member of the
Board until a replacement Non-Executive Director has been
appointed. A search for a suitable Independent Non-Executive
Director to replace Keith is well advanced and an announcement on
an appointment will be made in due course.
Keith knows the Company well and has had considerable experience
as an AIM company CFO and of online payments businesses. His
experience includes six years as CFO of AIM quoted online payments
company DataCash Group plc, during its period of rapid growth and
ultimate sale to MasterCard for $520m. More recently, he was CFO of
London Stock Exchange listed payments company Paysafe Group plc
(formerly Optimal Payments plc), which grew its market
capitalisation from GBP40 million to GBP2 billion during his
tenure, through a combination of organic growth and a number of
acquisitions including the EUR1.1 billion acquisition of Skrill.
Keith was awarded AIM CFO of the year at the Quoted Company Awards
in 2014 and joins from payments company GPS (Global Processing
Services) where he was CFO.
Jon Prideaux, Boku CEO, commented:
"Stuart has always hankered after a more hands on commercial
role and so his decision to lead efforts to grow our Identity
business is one that I welcome wholeheartedly. I thank him for his
work as CFO: He has already made an outstanding contribution to the
success of the Company, including his role in the November 2017
IPO.
"I am delighted also that a CFO of Keith's credentials and
calibre has decided to step into an executive role at the Company.
It has a been a pleasure to serve on the Board alongside him for
the past two years and I look forward to working with him more
closely as CFO as the Company embarks on the next stages of its
growth story."
Enquiries:
Boku, Inc.
Jon Prideaux, Chief Executive Officer +44 (0)20 3934
Keith Butcher, Chief Financial Officer 6630
Peel Hunt LLP (Nominated Adviser and
Broker)
Edward Knight / Christopher Golden +44 (0)20 7418
/ Nick Prowting 8900
IFC Advisory Limited (Financial PR
& IR)
Tim Metcalfe / Graham Herring / Florence
Chandler +44 (0)20 3934 6630
Notes to Editors
Incorporated in 2008, Boku is the world's leading independent
carrier commerce company. Boku's Platform, which is linked to
billing, identity and sales systems of more than 170 mobile network
operators, simplifies transacting on mobile devices.
Boku's Payment products enable mobile phone users, of which
there are more than five billion worldwide, to buy goods and
services and charge them to their mobile phone bill or pre-pay
balance. Its Identity Products are used to verify user details.
Companies like Apple, Google, Facebook, Microsoft, PayPal, Spotify,
Square, Sony and Western Union use Boku to simplify sign-up,
acquire new paying users and prevent fraud.
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END
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