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1 Oct 2019 07:00
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 £40 million to £2 billion during his tenure, through a combination of organic growth and a number of acquisitions including the €1.1 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 Keith Butcher, Chief Financial Officer
| +44 (0)20 3934 6630 |
Peel Hunt LLP (Nominated Adviser and Broker) Edward Knight / Christopher Golden / Nick Prowting | +44 (0)20 7418 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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