PayPoint plc (LON:PAY) today announces that Gill Barr has confirmed that she intends to retire from the Board and will not be standing for re-election at the Company’s 2024 Annual General Meeting (“AGM”) which will took place on August 1, 2024, having completed nine years of service on the Board of Directors.
In addition, Guy Parsons has confirmed that he intends to retire from the Board and will not stand for re-election at the 2024 Annual General Meeting (“AGM”) to be held on 1 August 2024, having supported the successful integration of the Love2Shop acquisition.
The following changes to Board Committees have also been approved by the Board: Ben Wishart will succeed Rakesh Sharma as Chairman of the Remuneration Committee with effect from the conclusion of the Company’s Annual General Meeting in 2024. Ben has over 12 months experience as a member of the Remuneration Committee as required by the UK Corporate Governance Code. Rakesh will continue to serve as a Senior Independent Director, as well as a member of the Remuneration Committee, the Nominating Committee, the Audit Committee and the Cyber Security and IT Sub-Committee.
PayPoint chairman Giles Kerr commented:
“On behalf of the Board, I would like to thank Gill for her significant commitment and contribution to the Board over the past nine years and express our sincere thanks to Guy for his invaluable contribution to the Board in integrating the acquisition of Love2Shop. I wish both Gill and Guy all the best for their futures. I would also like to thank Rakesh for his leadership of the Remuneration Committee over the past seven years. Ben is experienced in our remuneration policy, having been a member of the Remuneration Committee since his appointment to the Board in 2019, and I am grateful that he has agreed to take on this additional responsibility.”
Gill Barr was appointed to the PayPoint Board as a non-executive director in June 2015.
Gill Barr has held senior strategy, marketing and business development roles at the Co-op, John Lewis, Kingfisher, MasterCard and KPMG. She was previously a non-executive director of Morgan Sindall plc and McCarthy & Stone plc and currently chairs the Customer Challenge Group for Severn Trent Water plc. She is a non-executive director of DFS Furniture PLC, N Brown Group plc and Wincanton PLC.