Directorate / Board Changes
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PayPoint is pleased to announce the appointment of Rakesh Sharma to its board as a non-executive director with effect from 12 May 2017. Rakesh is the Chief Executive of Ultra Electronics Holdings Plc (Ultra). Rakesh has held several senior and management positions within Ultra and has managed businesses and divisions across the full range of its wide portfolio, with consistent success in driving growth in the Ultra group. Following this appointment, Rakesh will succeed Neil Carson as chairman to the remuneration committee of the PayPoint board and will also be a member of the audit and nomination committees. In line with the directorate change announcement contained in the 2016 half year financial report, Neil will be stepping down as a non-executive director prior to the 2017 annual general meeting. Nick Wiles, Chairman, said: “I would like to take this opportunity to thank Neil for his contribution as chairman of the remuneration committee during his time on the board. I would also like to welcome Rakesh. His appointment to the board strengthens its composition in terms of relevant experience, knowledge and skills and the board looks forward to working closely with him" There are no further disclosures required for the purposes of Listing Rules 9.6.11 and 9.6.13. Enquiries PayPoint plc RLM Finsbury |