By Cristina Roca 

Wirecard AG has named a chief compliance officer and reshuffled the responsibilities of its top management members, it said Friday.

The German payments company said James H. Freis will take up the newly created post from July 1, and will run the company's "integrity, legal and compliance" department.

The appointment comes following an independent audit commissioned by Wirecard into allegations of accounting impropriety at the company, which were first raised by a series of Financial Times reports.

Wirecard will extend its executive board by two additional seats, and will create a chief commercial officer role to run a new sales department. The chief operating officer's duties will be reorganized and placed under new management, Wirecard said. The COO position will now also include responsibility for the group's North and South America businesses, the company said.

Wirecard also reshuffled the responsibilities of the members of its management board. The company's chief executive, Markus Braun, will focus on the strategic development of the company. The company's finance chief Alexander von Knoop will take charge of capital market communications. Jan Marsalek will be chief business development officer, Wirecard said.


Write to Cristina Roca at; @_cristinaroca


(END) Dow Jones Newswires

May 08, 2020 12:18 ET (16:18 GMT)

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