Boku, Inc (LON:BOKU), a provider of global mobile payment solutions, announces that Chief Financial Officer (CFO), Keith Butcher, has informed the board of his intention to retire from the company following the completion of an extensive notice period, allowing for a smooth transition to his successor.
Keith Butcher will step down from Boku’s board, and therefore will not stand for re-election as a director, at the forthcoming AGM on 22 May 2024. He will remain an employee until October 2024 and thereafter as a consultant to business until April 2025.
The process to appoint Mr Butcher’s successor as Chief Financial Officer is ongoing and a further announcement will be made in due course.
Stuart Neal, CEO of Boku, commented:
“Keith indicated some time ago that he was considering stepping down as a full-time director of the Company. He has deferred any decision to allow the Company to make a smooth transition of the CEO role following Jon Prideaux’s departure at the end of 2023. I want to personally thank Keith for his contribution to Boku over the past six years, a period of significant success for the Company”.
Richard Hargreaves, chairman of Boku, said:
“On behalf of the board I would like to thank Keith for helping to lead Boku to its current strong financial position. We wish him well in the future and the board is working to find a suitable replacement. The Company is in a strong position to capitalize on its significant momentum to lead globally in aggregating Local Payment Methods for many of the world’s largest companies.”