NETW.L Share News (NETW)

(Alliance News) - Network International Holdings PLC on Wednesday said it has hired Ali Mazanderani and Anil Dua as independent non-executive directors effective immediately.

The company also announced the resignation of Non-Executive Directors Shayne Nelson, Daniel Zilberman and Aaron Goldman, effective from the company's next annual general meeting.

The digital payments solutions provider said that Non-Executive Director Suryanarayan Subramanian will remain on the board "given his long-standing experience with the business and market".

Newly-hired Mazanderani is currently a non-executive director at financial technology provider Stone Co Ltd. He was previously a partner at investments firm Actis LLP. He has also served as lead strategy consultant at First National Bank of South Africa.

Dua is currently a non-executive director at Africa-focused communications service provider Liquid Telecom Group, African Export Import Bank and internet banking company Nouvobanq. He is founding partner at private equity fund Gateway and has also served as chief executive officer West Africa of Standard Chartered Bank.

"I am delighted to welcome Ali and Anil to the board, our independent balance. Ali has an extensive background in the global payments industry, while Anil's financial services experience has been focused on the African continent," said Network International Chair Ron Kalifa.

"I would also like to convey my sincere thanks and best wishes to Shayne, Daniel and Aaron. They have been a key part of our journey from a small privately owned business to a publically listed leading payments business operating across the Middle East and Africa. Their expertise, and support of the management team, has helped set the business on a path to success," he added.

Network International shares were up 0.9% at 576.00 pence each on Wednesday afternoon in London.

By Ife Taiwo; ifetaiwo@alliancenews.com

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