(Alliance News) - Network International Holdings PLC said Tuesday that it has appointed Nandan Mer as chief executive officer with effect on February 1.
He will be replacing Simon Haslam, who is stepping down from the role at the FTSE 250 payments services provider after four years since 2017.
Mer will be joining from US payment services provider Mastercard Inc, which he has been a part of for 11 years since 2010, his most recent role being strategy head for International Markets.
Prior to this, Mer was part of the United Bank of Africa, where he was the head of International Corporate and Investment Banking for two years from 2008 to 2010.
"During his tenure, Simon has led the company's transformation into the largest payment solutions provider in the UAE and the leading enabler of digital commerce throughout the Middle East and Africa, and delivered significant growth across all our markets," said Chair Ron Kalifa.
"I am also delighted to announce Nandan's appointment as group CEO. He has a wide breadth of experience across the consumer credit and payment industries in several international markets, including within the Middle East and Africa. Nandan's strong track record of success with Mastercard and strong sector expertise make him an excellent appointment to lead Network through the next stage of our ambitious strategic growth plans," Kalifa added.
Shares in Network International Holdings were up 0.8% at 295.60 pence on Tuesday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Network International (NETW)