GHT.L Regulatory News (GHT)

29 Apr 2008 07:02

Gresham Computing PLC29 April 2008 Embargoed until 07.02 HRS (BST) 29 April 2008 29 April 2008 Directorate Changes Gresham Computing plc (the "Company" or "Gresham") Gresham is pleased to confirm the appointment of Eric Sepkes as Executive Chairman with immediate effect. Eric is a very well known figure in the global banking community, withparticular interests in international payments, cash management and tradefinance. Eric completed 38 years with Citigroup where he held variousmanagement positions, including Operations and Treasury and Cash Management, andmost recently held a senior strategic role in Global Transaction Services. Erichas been involved in Payment Infrastructures since 1985, when he was responsiblefor managing Citibank's entry into CHAPS (Clearing House Automatic PaymentSystem) where he was director for 12 years and Chairman for 3 years. He wasChairman and Deputy Chairman of the Euro Banking Association between 1994 and2005. He was the founder and coordinator of the European Payments Group(formerly Heathrow Group) and was a member of both APACS (the UK tradeassociation for payments and for those institutions that deliver paymentservices to customers) and the European Council. Latterly he was a member ofAPACS Senior Sponsors Committee for Faster Payments in the UK. Eric is a well known industry speaker and event chairman retaining key roles atmany industry events including International Payments Systems week and theSupply Chain Management Forum. There are no other matters required to be reported pursuant to LR9.6.13 (1) to(6) inclusive. Gresham confirms that Alan Howarth has now stepped down from his position asChairman and Director as was previously indicated in our preliminaryannouncement issued today. Commenting on his appointment, Eric Sepkes, Chairman, said "I am delighted to join the Board of Gresham at this point of flux in worldmarkets because with change, comes opportunity. We are in an age where demandfor real-time information is clear and yet largely unfulfilled in many areas ofboth the banking and corporate markets. I am excited to be taking on this newchallenge and joining a team that has a track record of innovation, developmentand delivery of market leading real-time financial solutions. Gresham has donethe heavy lifting in getting these solutions to market and I now intend torapidly increase Gresham's profile and ensure that the demands for real-timefinancial information are met." Andrew Walton-Green, CEO of Gresham, commented "Our movement from a largely licensed based sales model to selling software as aservice is now starting to pay off. We made solid progress in taking our coresolutions to market and we have made a solid start to 2008. I am delighted thatEric has joined Gresham. His knowledge and experience in financial markets isrenowned and the whole team is excited at the opportunity to focus ourattentions on fulfilling the growing demand for our solutions." "I would like to thank Alan Howarth on behalf of myself and the Board for hisassistance over the years in steering the business through some key changes,including the launch of core technologies, and for assisting us in bringing Ericonto the Board." -ends- For further information, please contact: Gresham Computing plcAndrew Walton-Green, CEO +44 (0) 20 7653 0200 This information is provided by RNS The company news service from the London Stock Exchange