(Alliance News) - Boku Inc on Tuesday said Chief Finance Officer Stuart Neal will be moving internally to lead the new Identity division as its chief business officer with immediate effect.
Boku shares were trading 2.5% higher in London on Wednesday at 102.00 pence each.
The AIM-listed mobile payments platform said it appointed Keith Butcher as finance head, also with immediate effect. Butcher has been an independent non-executive director & chair of Boku's Audit Committee since 2017.
Boku said a search for a suitable independent director to replace Butcher is well advanced and an announcement on an appointment will be made in due course.
Boku noted that Butcher 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 online payments company DataCash Group PLC. More recently, he was CFO of Paysafe Group PLC, which grew its market capitalisation to GBP2 billion from GBP40 million during his tenure.
"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," said Chief Executive Jon Prideaux.
"I am delighted also that a CFO of Keith's credentials and calibre has decided to step into an executive role at the company," added Prideaux. "I look forward to working with him more closely as CFO as the company embarks on the next stages of its growth story."
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Boku (BOKU)