eServGlobal Limited Stephen Blundell named Chief Operating Officer (0553Z)
December 08 2014 - 1:00AM
UK Regulatory
TIDMESG
RNS Number : 0553Z
eServGlobal Limited
08 December 2014
eServGlobal Limited (eServGlobal or the "Company")
Stephen Blundell named Chief Operating Officer of
eServGlobal
Paris: 8 December 2014
eServGlobal (AIM: ESG & ASX: ESV), the provider of
end-to-end mobile financial services to emerging markets, is
pleased to announce that Stephen Blundell has been appointed to the
position of Chief Operating Officer of eServGlobal.
Mr Blundell has served as Chief Financial Officer of the Company
since 2009 and will now step down from that role. Mr Blundell will
be responsible for eServGlobal's day-to-day operations. He will
oversee end-to-end revenue delivery, working closely with the teams
under him to streamline every step of the product development,
sales, delivery and revenue process.
In the role of COO, he will report to Paolo Montessori, CEO. Mr
Montessori will continue to oversee the functions of Finance, HR,
Legal and Investor Relations whilst having more time to work with
the Board on the development of the Group's strategy to achieve
long-term, sustainable growth.
Duncan Lewis, Chairman, eServGlobal, said, "Stephen Blundell has
demonstrated great commitment and achievement as CFO of
eServGlobal. This is an important step in the Company's development
as it focuses now on the transformation of its core business
following the successful creation of the HomeSend joint venture.
The Board will continue to update shareholders as it implements its
strategy".
Mr Blundell will remain an Executive Director of the Company and
as one of eServGlobal's Directors on the Board of HomeSend.
A highly experienced interim VP Finance, Andy Duffen, has been
appointed and a formal process has been started to recruit Mr.
Blundell's successor as CFO. Mr Duffen holds a BA in Accountancy,
is a qualified ACA and has extensive experience in senior finance
roles, notably in the Technology space, most recently with QLIK and
Commvault Systems.
About eServGlobal
eServGlobal (AIM:ESG, ASX:ESV) offers mobile money solutions
which put feature-rich services at the fingertips of users
worldwide, covering the full spectrum of mobile financial services,
mobile wallet, mobile commerce, recharge, promotions and agent
management features. eServGlobal invests heavily in product
development, using carrier-grade, next-generation technology and
aligning with the requirements of more than 65 customers in over 50
countries.
Together with MasterCard and BICS, eServGlobal is a joint
venture partner of the HomeSend global payment hub, a market
leading solution based on eServGlobal technology and enabling
cross-border money transfer between mobile money accounts, payment
cards, bank accounts or cash outlets from anywhere in the world
regardless of the users location.
eServGlobal also builds on its extensive experience in the telco
domain to offer a comprehensive suite of sophisticated, revenue
generating Value-Added Services to engage subscribers in a dynamic
manner.
eServGlobal has been a source of innovative solutions for mobile
and financial service providers for 30 years.
For further information, please contact:
eServGlobal www.eservglobal.com
Alison Cheek, Communications Manager T: +33 (0)1 4612
7746
Canaccord Genuity Limited (Nomad www.canaccordgenuity.com
and Broker) T: +44 (0) 20 7523
Simon Bridges / Cameron Duncan 8000
/ Brendan Gulston
Charles Stanley Securities www.csysecurities.com
Dugald Carlean / Paul Brotherhood T: +44 (0) 20 7149
6000
Newgate Threadneedle www.newgatethreadneedle.com
Hilary Buchanan / Adam Lloyd / T: +44 (0) 20 7653
Jasper Randall 9850
This information is provided by RNS
The company news service from the London Stock Exchange
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