PayPoint’s CEO Dominic Taylor to step down

Maria Nikolova

Dominic Taylor will step down from his role as Chief Executive and director of the Board with effect from April 1, 2019.

Paypoint plc (LON:PAY) has just announced some major changes at the top, as Dominic Taylor will step down from his role as Chief Executive and director of the Board with effect from April 1, 2019.

Dominic Taylor

Mr Taylor joined PayPoint in 1997 as Retail Director and was appointed to his current role in August 1998. He was a Royal Naval officer for 12 years, following which he completed an MBA at the Cranfield School of Management. In 1991, he joined the Vodafone Group where he led a number of initiatives including the development of its SMS service and a bid for the National Lottery, before becoming Sales and Marketing Director for the indirect sales of mobile phones to retailers. In 1996, Mr Taylor joined Granada plc as a director of Granada Technology Group and Managing Director of Granada Business Technology, supplying film and telecommunications products into the hotel and leisure sectors.

PayPoint also announces that Patrick Headon will join the Board as the Company’s new Chief Executive on the same date. Patrick Headon is a highly experienced senior executive, with extensive relevant experience in FMCG, digital and B2B services, having previously been Managing Director of Wolseley UK, Business Development Director, Europe at eBay and Managing Director, Central & Eastern Europe at Diageo.

Patrick Headon will join the business on March 1, 2019, allowing some time to familiarise himself with the business, before taking on the role of Chief Executive on April 1, 2019. In order to ensure a thorough transition, Mr Taylor will continue as an employee until December 31, 2019.

Lewis Alcraft, a member of the Executive Board, will be appointed as Chief Commercial Officer, responsible for PayPoint’s commercial strategy development and execution with effect from 1 April 2019.

Dominic Taylor, Chief Executive, said:

“It has been an honour to lead PayPoint for some 21 years, from a small start up to the scale and capability of the public company it is today. It has been an enormous privilege to work with the many talented and committed people in the PayPoint team and I am very grateful to have enjoyed their support, alongside that of our retailers and clients, in building a unique and successful business providing important services to consumers. I look forward to working closely with Patrick Headon to ensure a smooth handover and I am confident that he will lead PayPoint to even greater success in the future.”

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