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Cardpoint CEO steps down

16 October 2006  |  4826 views  |  0 ATM user

UK cash machine operator Cardpoint says its chief executive Mark Mills is stepping down. The news follows the departure of non-executive chairman Michael Hepher last week.

In a short statement, Cardpoint says Mills is standing down with immediate effect.

The vendor also says that Bob Thian, currently chairman of Southern Water and laboratory equipment maker Whatman, has been appointed chairman.

Thian replaces Hepher who resigned after Cardpoint received a takeover approach from an un-named suitor.

According to press reports, Hepher was involved in ealier talks concerning a possible offer which eventually collapsed in June.

Ealier this month Cardpoint said it was involved in preliminary talks that could lead to a potential cash offer of 100 pence per share for the group. This would value Cardpoint at around £104 million.
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