Earthport (AIM: EPO.L), the leading cross-border payment network, announces that Chris Cowlard will be stepping down as Chief Operating Officer and a member of the board as of June 3 2016. Daniel Marovitz, currently president of Earthport Europe will move into a new role as President - COO of Earthport.
Chris has been at Earthport for over 5 years and has played a significant role in bringing the Company from an early stage venture to a regulated global payments company serving some of the most credible and significant financial institutions and eCommerce companies.
Prior to joining Earthport, Daniel had a diverse background as a technologist, software entrepreneur and senior executive. He served as Head of Product Management for Deutsche Bank's Global Transaction Bank from 2007-2011 and as a member of the board of this multi-billion dollar division. During his eleven year tenure at Deutsche Bank, Daniel served a number of roles, including Chief Information Officer of the investment bank. Daniel was a founding member of SWIFT's Innotribe group and is a frequent speaker on technology and banking subjects globally.
Commenting on Chris Cowlard's departure, Philip Hickman, Non-Executive Chairman of Earthport, said: "On behalf of the board I would like to thank Chris for his significant and valuable contributions to Earthport over the past five years and we all wish him well in his future career."
Commenting on the appointment of Daniel Marovitz, Hank Uberoi, CEO of Earthport, said: "We are delighted to welcome Daniel to the role of COO. Daniel has been a great asset to the Company in leading our European business and we are certain he will make a positive impact in his new role as we continue to drive the business forward."