Monitise plc (LSE: MONI, "Monitise" or the "Company"), a global leader in Mobile Money solutions, announces that Tom Houghton has been appointed as a Non-Executive Director of the Company with immediate effect.
Tom is Visa Europe's new nominated director to the Board of Monitise and replaces Steve Chambers, who as previously announced on 2 April 2014, stepped down from the Board of Monitise following his resignation from Visa Europe.
At Visa Europe, Tom heads the Core Payments division of the business. He joined Visa in 2011 as its Head of Processing, which accounts for 35% percent of the business' overall revenue.
Commenting on Tom's appointment, Monitise Chairman Peter Ayliffe said: "We are delighted to welcome Tom to the Monitise Board. As Monitise accelerates towards its subscription based business model, we look forward to benefiting from Tom's wealth of relevant experience in international payments. His insights will be directly relevant to our vision of enabling businesses to help their customers' bank, pay and buy on the move in our increasingly connected mobile world."
Tom has spent a lifetime working in the payments industry, starting out in the retail sector. He worked for a major US merchant retailer running development and deployment for in-store point-of-sale systems, merchandising, inventory, and distribution applications. He then moved to electronic payments group ACI Worldwide, where he spent 21 years in a variety of roles in both North America and Europe, leading product management, product development, customer support, sales and services divisions.
Tom holds a degree in Business Administration with an emphasis in Technical Services from Bellevue University in Nebraska.
Thomas Leroy Houghton, aged 56, does not currently hold shares in Monitise. Tom was previously a director of ACI Worldwide Thailand, Ltd until his resignation in 2011. There are no further disclosures required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies in respect of the appointment.