Paypoint Regulatory News (PAY)

5 Sep 2005 07:03

PayPoint PLC05 September 2005 PayPoint appoints Chief Information Officer and Corporate Development Director PayPoint, a leading branded payment collection network, has strengthened itsmanagement team with the appointments of John Lee as Chief Information Officerand Thomas Vogt-Skard as Corporate Development Director. John, 41, has joined PayPoint from Euronext.LIFFE Market Solutions, thetechnology division of Euronext.LIFFE, which is the international derivativesbusiness of Euronext. As Director of Systems Development he moved the existingParis, Brussels, Lisbon and Amsterdam derivatives markets on to the LIFFECONNECTtrading platform with London to create a single European market. He also implemented the same technology into the Chicago Board of Trade and theTokyo Financial Futures Exchange. John took up the new position of ChiefInformation Officer on 1 September 2005 reporting to the CEO and is responsiblefor all matters relating to technology at PayPoint. Thomas, 35, joins PayPoint on 22 September 2005 from the Investment BankingAdvisory unit of HBSC, where he was an Associate Director in the EuropeanAdvisory Group focusing on mergers and acquisitions. He was previously a business planner at Redland PLC, the construction materialsbusiness acquired by Lafarge in 1997. Thomas will take up the new position ofCorporate Development Director and will be responsible for merger andacquisition opportunities for the business. These appointments follow that of Mike Igoe as Retail Director from JacksonsStores, part of J Sainsbury plc. Dominic Taylor, Chief Executive of PayPoint, said: "We are delighted to haveattracted such high calibre individuals to PayPoint. These appointments will addsignificant value and complete the expansion of our senior management team weoutlined when we announced our annual results in June. They bring invaluablestrategic and IT skills to the company that will enable us to make the most ofthe growth opportunities available to us and ensure that we continue to optimisetechnology, which is at the heart of our business as a provider of paymentsolutions." Enquiries FinsburyRollo HeadDon Hunter020 7251 3801 About PayPoint PayPoint is a leading branded payment collection network used, primarily, forthe cash payment of bills and services and prepayments for mobile telephones andenergy meters. There are over 13,000 retail outlets using PayPoint's paymentterminals. PayPoint began trading in 1996 and initially collected payments through itsnetwork of retail agents for its founder client investors, who included BritishGas, BT, BBC TV Licensing, London Electricity (now part of EDF Energy) and fourwater companies. It now has more than 500 clients including many of the UK and Ireland's majorenergy, cable, mobile and fixed line telephony companies. Its blue chip clientlist also extends to numerous water companies, local authorities and housingassociations and a growing transport and travel base. This information is provided by RNS The company news service from the London Stock Exchange