eServGlobal Limited eServGlobal Director Change and CEO Appointment (5358D)
April 30 2013 - 1:03AM
UK Regulatory
TIDMESG
RNS Number : 5358D
eServGlobal Limited
30 April 2013
eServGlobal Limited (eServGlobal or the "Company")
CEO Appointment and Board Changes
Paris: 30 April 2013
eServGlobal (ASX:ESV, AIM:ESG), the global provider of Mobile
Money and Value Added Services, is pleased to announce that the
executive management changes announced at the Annual General
Meeting on 22 March 2013 are now effective with Paolo Montessori
(44), assuming his role as CEO and Managing Director and Steve
Blundell (42), Chief Financial Officer, joining the Board.
The Company is also pleased to announce that John Richard
Conoley (52) has been appointed as a Non Executive-Director. He
replaces Jamie Brooke who will be stepping down from the Board
today after three years with the Company.
Mr. Conoley is based in the UK and his career has spanned
software, hardware, IT services, telecommunications, and the energy
market. He began his career in the IT industry with IBM in 1983,
and worked on a range of industries in technical, sales, and
marketing roles. Since then, Mr. Conoley has held general
management and director-level roles in small and medium-sized
private and public companies. His most recent roles include:
non-executive director with IT security company Vistorm, Head of
the the GBP1.6bn B2B Energy Division at Eon, and most recently,
Chief Executive Officer of mobile device company Psion PLC, an
international company listed in the UK
Mr. Conoley is a Director of Nerha Ltd. and in the past five
years has held director positions at Psion plc., Vistorm Ltd and
Outstep Ltd. In June 2012 Outstep Ltd was placed into creditors'
voluntary liquidation.
Given Mr. Conoley's extensive experience in international
marketing, channel development, and the mobile industry, he will be
joining Francois Barrault on the Board's new HomeSend
sub-committee, which will be chaired by Craig Halliday. This
sub-committee is focused on the strategic development of the
HomeSend platform. Mr. Conoley will also join the Audit
sub-committee of the Board.
The changes to the management structure and the new Board
appointments continue the Company's drive to strengthen its Board
and Management team while retaining its focus on its cost
structure.
Following the disposal of the USP business to Oracle, the
Company's recent capital raising and the full payment of all
Shareholder loans the company is on solid footing. As such, the
Board undertook a review of its fees structure, following which it
has resolved to reduce the cost of the Board fees by 20%.
Richard Mathews the Company's Chairman commented "We are
thrilled that John has agreed to join the Board as an Independent
Non Executive Director. His extensive industry experience adds a
new and important dimension to the Board.
"The Company remains committed to the Board renewal process
which started at the AGM when David Smart did not stand for
re-election. With John's appointment, Jamie Brooke will now retire
from the Board. Jamie has been an integral member of the Board
since 2010 as part of his role with Henderson Global Investors, who
are one of the Company's substantial and supportive shareholders.
We would like to thank him for his significant contribution to the
Company throughout this period."
There are no further disclosures required under the AIM Rules
for Companies.
Cancellation of Options
As a result of Mr. Halliday's resignation his 1,500,000 options
under the ESOP have been cancelled. There are now 9,300,000 options
in issue.
About eServGlobal
eServGlobal has been a source of innovative solutions for mobile
and financial service providers for 30 years. eServGlobal invests
heavily in product development, using carrier-grade,
next-generation technology and aligning with the requirements of
more than 90 customers in over 65 countries.
Our mobile money solutions put feature-rich mobile financial
services at the fingertips of users worldwide, covering the full
spectrum of mobile wallet, mobile commerce, recharge and agent
management features.
The international remittance service HomeSend(R), based on
eServGlobal technology and offered by our strategic business
partner BICS, is the only mobile-centric hub endorsed by the
GSMA.
eServGlobal also offers a comprehensive suite of sophisticated,
revenue generating Value-Added Services to engage subscribers in a
dynamic manner. These services can be seamlessly integrated with
our mobile money portfolio to extend loyalty and promotion
offers.
For further information, please contact:
eServGlobal www.eservglobal.com
Christina Tubb, Head of Investor investors@eservglobal.com
Relations
Tom Rowe, Company Secretary
Cenkos Securities plc www.cenkos.com
Ivonne CantĂș/Stephen Keys T: +44 (0) 20 7397
(Nomad) 8980
Charles Stanley Securities www.csysecurities.com
Dugald Carlean/Paul Brotherhood T: +44 (0) 20 7149
6000
Newgate Threadneedle www.newgatethreadneedle.com
Caroline Evans--Jones/Josh Royston/Hilary T: +44 (0) 20 7653
Millar 9850
This information is provided by RNS
The company news service from the London Stock Exchange
END
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