Earthport PLC Board Change and New CCO - Replacement (2501O)
November 03 2016 - 5:19AM
UK Regulatory
TIDMEPO
RNS Number : 2501O
Earthport PLC
03 November 2016
3 November 2016
Replacement Stock Exchange Announcement
Earthport plc
("Earthport" or the "Company")
Board Change and New Chief Commercial Officer
The following announcement is in replacement of announcement
2010O released at 07:00 on 3 November 2016. The correction relates
to Sajeev Viswanathan's reasons for deciding to step down from the
board of Earthport.
The full correct announcement is below:
Earthport (AIM: EPO), the leading payment network for
cross-border transactions, is pleased to announce that Michael R.
Steinharter has joined Earthport in the new position of Chief
Commercial Officer, effective immediately. In addition, Sajeev
Viswanathan has decided to step down from the board as an Executive
Director following his interest in pursuing other
opportunities.
Mike brings a great range of experience to Earthport, building,
managing and growing successful sales organisations at some of the
largest and most respected technology service companies. Among his
many roles, Mike spent over 20 years selling to the financial
services sector at IBM with significant management responsibility
in New York, London, and Sydney. Mike has also served as president
of Reuters America and built a significant financial services
practice at Computer Sciences Corporation (CSC).
Sajeev Viswanathan decided to step down from the board as an
Executive Director to pursue other opportunities. Sajeev has been
instrumental in establishing our presence across the various
regions in the emerging markets, more recently in helping Earthport
receive the Reserve Bank of India's approval to provide cross
border payment solutions to banks in India, as announced this
morning. It is a potentially significant opportunity for Earthport
and we are pleased that Sajeev has agreed to stay on with Earthport
to help us launch and build on our presence in India for the next
several months. Mike will be taking over Sajeev's other management
responsibilities.
We thank Sajeev for his significant contribution to Earthport
and wish him the best in his future endeavours. We welcome Mike at
an important point in Earthport's growth.
For further information, please contact:
Earthport plc 020 7220 9700
Hank Uberoi, Chief Executive Officer
Simon Adamiyatt, Chief Financial Officer
Newgate 020 7653 9848
Bob Huxford / Helena Bogle
020 7653 9848
Panmure Gordon (Nominated Adviser and Joint Broker) 020 7886 2500
Dominic Morley / Fabien Holler / Charles Leigh-Pemberton
N+1 Singer (Joint Broker) 020 7496 3000
Mark Taylor / James White
Shore Capital (Joint Broker) 020 7408 4090
Bidhi Bhoma/ Toby Gibbs
This information is provided by RNS
The company news service from the London Stock Exchange
END
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