Planet Payment Appoints Carl J. Williams as Chief Executive Officer
19 Februar 2014 - 11:15PM
Planet Payment, Inc. (Nasdaq:PLPM) (LSE:PPT), a leading provider of
international payment and transaction processing and multi-currency
processing services today announced the appointment of Carl J.
Williams as Chief Executive Officer, effective February 19, 2014.
Carl Williams, a member of the Board of Directors and the
Company's President since November of 2013, has been asked by the
Board to also serve as CEO. Williams succeeds Philip Beck, who
will continue as Chairman of the Board.
Cameron McColl, a Planet Payment Director said, "Under Philip's
leadership, the Company has built a leading payment and transaction
processing platform, operating in 22 countries. We greatly
appreciate his efforts and dedication for the last 15 years and
look forward to his continuing guidance. We are excited that
Carl is taking on the CEO role and believe that he will help us
execute our strategic plans and take the Company into the next
phase of its growth."
"Although I have only been a part of the Planet Payment
management team for a few months, I have grown even more impressed
by the talent and passion our team members possess," said Carl
Williams, Chief Executive Officer and President of Planet
Payment. "I look forward to working with our team members and
the Board to plot a course for long-term growth and
prosperity."
In accordance with the terms of the Long-Term Incentive
Restricted Stock Agreement entered into in 2011, 320,250 shares
issued to Mr. Beck pursuant to that Agreement were automatically
cancelled on February 19, 2014. Following the cancellation Mr.
Beck is interested in a total of 2,156,822 shares of Common Stock
representing approximately 3.5% of the issued and outstanding
shares of Common Stock (including the outstanding shares of Series
A Preferred Stock on an as converted to Common Stock basis).
About Planet Payment
Planet Payment is a leading provider of international payment
and transaction processing and multi-currency processing services.
We provide our services in 22 countries and territories across the
Asia Pacific region, North America, the Middle East, Africa and
Europe, primarily through our more than 60 acquiring bank and
processor customers. Our point-of-sale and e-commerce services help
merchants sell more goods and services to consumers, and together
with our ATM services are integrated within the payment card
transaction flow enabling our acquiring customers, their merchants
and consumers to shop, pay, transact and reconcile payment
transactions in multiple currencies, geographies and channels.
Planet Payment is headquartered in New York and has offices in
Atlanta, Beijing, Bermuda, Delaware, Dubai, Dublin, London, Hong
Kong, Mexico City, Shanghai and Singapore. Visit
www.planetpayment.com for more information about the Company and
its services. For up-to-date information follow Planet Payment on
Twitter at @PlanetPayment or join Planet Payment's Facebook
page.
CONTACT: Planet Payment, Inc.
Carl J. Williams, CEO and President
Tel: + 1 516 670 3200
www.planetpayment.com
Canaccord Genuity Ltd (Nomad for Planet Payment)
Simon Bridges / Cameron Duncan
Tel: +44 20 7523 8000
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