Monitise : Announces Board Appointments
Monitise : Announces Board Appointments-
06/04/2014
Elizabeth Buse joins Group to work alongside Alastair Lukies in new co-CEO role
Amanda Burton and Paulette Garafalo appointed independent Non-Executive Directors
Monitise plc (LSE:MONI, “Monitise” or the “Company”), a global leader in Mobile Money solutions, today announces a series of updates to its executive leadership team and Board of Directors.
Former Visa Inc. payments executive Elizabeth Buse has been appointed co-Chief Executive of Monitise Group, effective immediately. Elizabeth also joins the Company’s Board of Directors.
Elizabeth will work alongside Monitise founder Alastair Lukies in his capacity as CEO of the plc business. Lee Cameron continues his role as the Group’s Chief Commercial Officer and Deputy CEO.
Commenting on the appointment, Lukies said: “Elizabeth, who has been familiar with Monitise over a number of years, is a universally respected and talented executive with incredible expertise in international payments.”
Elizabeth, an American national who was a member of the Monitise Board from July 2010 to October 2012, will head Monitise’s day-to-day operations, overseeing technology, product, sales and marketing while Alastair focuses on key relationships with partners and industry stakeholders, corporate development and major shareholders. Strategy will continue to be set by the executive leadership team in conjunction with the Board.
Monitise’s growing ecosystem of partners and clients includes more than 350 banks, payment services companies such as Visa Inc., Visa Europe and MasterCard as well as Vocalink, FIS and IBM. In the mobile space, Monitise’s customers include Telefónica, Samsung, PCCW Mobile, Turkcell and BlackBerry. In the retail ecosystem they include brands such as Blackhawk Network Holdings with its network of more than 500 content providers operating in the US and 18 other countries, eBay, Turkey’s Bilyoner and Biletix, Venda, B&Q, Carphone Warehouse and Premier Inn.
Alastair and Elizabeth, along with the rest of the Monitise executive team, will lead Monitise as it continues to execute its Mobile Money growth strategy. As announced in March 2014, the Company aims to increase its registered users from 28 million to 200 million by the end of FY 2018, growing its user-generated revenue through mobile banking, payments and commerce.
Lukies added: “I am delighted that Elizabeth is joining us at such an important point in the Monitise journey to help me lead the next chapter in our history. On behalf of our staff around the world I welcome Elizabeth and very much look forward to working shoulder to shoulder with her, leveraging our complementary skills as we capitalise on the global Mobile Money opportunity.”
Commenting on her appointment, Buse said: “Monitise occupies a unique position in the global Mobile Money ecosystem as one of the few technology enablers with proven bank-grade solutions across banking, payments and commerce. I am enormously impressed by the Group’s quality of products and services, the technology and, most of all, the people. I cannot see a better-placed business to take advantage of the Mobile Money opportunity and am delighted to be joining Monitise.”
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