Proxama PLC (AIM: PROX), the international mobile commerce Company specialising in proximity marketing and provider of end-to-end payment solutions for card issuers, is pleased to confirm that John Kennedy will be Interim Chief Executive Officer, alongside his role as Chief Financial Officer, until a successor is found for Neil Garner who announced his intention to step down from the CEO role in May 2015.
Neil Garner will remain on the Board and will lead the strategic development of new technologies, products and partnerships. The process of finding a long-term successor to Neil is underway and the Board will take the time necessary to select the best person to lead the business as it continues to commercialise the Company’s technical expertise and IP.
Commenting on the appointment, David Bailey, Chairman of Proxama, said:
“As a Board we are very pleased that John has stepped in to take on the CEO role during what is a very important period for the Company when both the Proximity Marketing and Payment divisions are securing new commercial contracts. John and the Executive Team have had a positive influence on the business since the turn of the year, particularly in driving the process of integration and commercialisation of our products across the business. John’s appointment is a natural extension of the activity he has already been undertaking.
As I commented in May earlier this year, Neil has been the inspiration behind the business and we are fortunate, that he has been instrumental in making these management changes for the greater good of the Company and that he will continue to play a key role in the future development of the business.”