After reporting record results for the first half of 2018 earlier today, payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has announced that there has been something of a hiccup in the company’s planned succession on its Board of Directors.
Back in May SafeCharge announced that the Chairman of the company’s Board of Directors, Roger Withers, would step down from his position and from the board at the end of 2018. And, that Mr. Withers would be replaced as SafeCharge Chairman by non-executive board member and longtime Visa and MasterCard executive Jeremy Nicholds. Jeremy Nicholds has been a non-executive director of SafeCharge since 2016.
However today the company stated that Mr. Nicholds would also be resigning from the board, effective September 30, as he apparently intends to return to a career in the payments industry.
The company stated that the Board will now initiate a search for a suitable Non-executive Chairman of the Company, in anticipation of the retirement of Roger Withers from the Board at year-end.
Roger Withers, Non-executive Chairman of SafeCharge, commented:
On behalf of the Board I would like to thank Jeremy for his significant contribution to the Company and wish him the best.