Philip Jansen to step down as Worldpay co-CEO at the end of 2018

Maria Nikolova

Worldpay will transition to a single chief executive officer, which will be its current Executive Chairman and co-CEO Charles Drucker.

Payments technology company Worldpay Inc (LON:WPY) announced today pending changes at the top, as Philip Jansen will step down as co-chief executive officer and a member of the board of directors on December 31, 2018. At that time, the company will transition to a single chief executive officer, which will be current Executive Chairman and co-CEO Charles Drucker.

Charles Drucker said:”Philip has been a great partner in helping bring Vantiv and Worldpay together, and I’d like to thank him for his significant contributions.”

Philip Jansen, co-chief executive officer, commented: “As planned, with the completion of the initial phase of the integration, now is the right time for the company to transition to having a single CEO lead the business. Our colleagues worldwide have helped get us to this point, and I’m incredibly proud to have worked with each of them across the globe.”

Let’s recall that, in January this year, Worldpay and Vantiv announced that all the conditions set out in the scheme document dated November 28, 2017 had been satisfied or waived and the Scheme of the Merger became effective in accordance with its terms.

In August 2017, the boards of Worldpay and Vantiv unveiled an agreement on the terms of a recommended merger of Worldpay with Vantiv and Bidco in the form of a recommended offer for the entire issued and to be issued ordinary share capital of Worldpay by Vantiv and Bidco. In respect of each Worldpay Share for which a valid Cash Election was made and satisfied, Worldpay Shareholders will receive approximately 420 pence per Worldpay Share as set out in the Scheme Document. Worldpay Shareholders who made valid Share Elections have had such elections scaled down on a pro rata basis by 86.3%. In respect of each Worldpay Share for which a valid Share Election was made and satisfied, Worldpay Shareholders will receive approximately 0.0773 of a New Vantiv Share.

Earlier this year, Worldpay revised its revenues and earnings outlook for the full year.

“We are raising our net revenue and adjusted earnings guidance ranges for the full year 2018,” said Stephanie Ferris, chief financial officer at Worldpay. “We expect the accelerating organic growth trends that we achieved during the second quarter to continue for the rest of the year, and we are increasing our organic revenue growth expectations by one point for the full year with a partial offset due to currency. In addition, we continue to carefully manage expenses, resulting in further earnings accretion.”

Read this next

Retail FX

XPRTcoin Review 2022 – Is XPRTcoin Scam or Legit?

Read our XPRTcoin review today to learn all you need to know about XPRTcoin before signing up with the broker ( – by FinanceFeeds.

Retail FX

Financial services domains blocked by Consob rise to 708

In yet another episode in a long-running campaign, the Italian financial regulator, Consob, once again blocked access to a number of investment websites, including those holding licenses in other jurisdictions.

Digital Assets

Binance upgrades Bahrain license to offer full-suite of crypto services

The Central Bank of Bahrain (CBB) has granted Binance its Category 4 license as a fully-fledged crypto-asset service provider (CASP).

Digital Assets

BitMEX spot exchange hits $24 million in daily volume

The newly-launched spot market of crypto exchange BitMEX reported a record of $24 million in 24-hour trade activity on May 25.

Retail FX

Financial Commission certifies offering of trade copier 4X Solutions

The Financial Commission, an independent self-regulatory compliance specialist for the financial services industry, has certified the trading technology offered by trade copier 4X Solutions.

Industry News, Inside View

LIVE from Devexperts webinar for brokers on Fractional Trading

Finance Feeds is providing live coverage of the event that aims to help brokers discover fractional shares as a key tool for a successful brokerage business in today’s trading industry.

Industry News, Retail FX

ASIC celebrates retail ban on binary options as 68% of wholesale clients lose money

In the 13 months before the ban, between 74% and 77% of active retail clients lost money trading binary options. The product intervention order does not apply to wholesale clients.

Crypto Insider

Investing in crypto: how to stay away from weak players

The main reason behind the hacks of crypto exchanges is weak key management. For example, all 4 hacks that took place in 2021 were caused by the ability of hackers to obtain access to hot wallets. 

Retail FX

Vantage launches swap-free gold XAUUSD trades for all clients until end of July

“As the greenback continues to strengthen, we want to support traders who remain bullish on gold or seek short term trading opportunities amid the volatility”