Cashbox appoints Ciaran Morton CEO

Cashbox appoints Ciaran Morton CEO

UK independent ATM operator Cashbox has appointed Ciaran Morton as its new chief executive officer. He replaces Carl Thomas who was sacked last month.

Morton, 43, joins from the Thomson Corporation where he was most recently general manager of the firm's business intelligence unit.

He joined Thomson in 2000 following the company's acquisition of MAID PLC and was appointed executive vice president of The Dialog Corporation, part of the Thomson Legal & Regulatory group, where he was responsible for all non-US operations.

In 2004 Dialog was unbundled and Morton went on to lead the newly-created Thomson Business Intelligence unit.

The appointment follows the sacking of Cashbox co-founder Carl Thomas last month following an investigation into his share dealings in the wake of a bid approach for the company.

Thomas was dismissed on 20 March without notice as CEO, director and employee of the firm. The vendor says an appeal by Thomas earlier this week against his dismissal has been unsuccessful.

Cashbox was set up in September 2003 by Thomas - a former sales director at ATM firm Hanco which was acquired by Royal Bank of Scotland in 2004 - and his brother Matt. Thomas still holds 4.2 million ordinary shares in the business, which represents 6.91% of the issued share capital.

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