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EML Payments (ASX:EML) appoints Emma Shand as CEO & MD

ASX News, Finance
ASX:EML      MCAP $382.4M
11 July 2022 10:51 (AEST)

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Payment solutions company EML Payments (EML) has appointed Emma Shand as CEO and Managing Director, effective immediately.

Ms Shand has more than 25 years of global experience across the technology, diversified financial and capital markets sectors and has worked across 30 different countries.

Currently, she is a Non-Executive Director of EML, global cyber security company XM Cyber and a Silicon Valley health tech company.

“I have been very impressed by the dedication and commitment of the EML team and am incredibly excited to lead EML’s pursuit of payments innovation, integrity and delivery of
outstanding payment experiences to our global customers,” Ms Shand commented.

Ms Shand will be taking over from Tom Cregan who did not state why he was leaving.

Mr Cregan has over 30 years of experience in payments and financial regulation, having previously worked at Euronet and Netspend.

“This is an exciting time of opportunity for EML, and Emma has an ideal set of attributes to lead the company into the future. Emma will provide highly professional leadership through a period of very rapid change,” Chairman Peter Martin said.

“Emma has served as a member of the EML Board of Directors since September 2021. She brings a deep appreciation of the exciting growth opportunities ahead for EML in a world rapidly transitioning to digital payments.

“We all owe a real vote of thanks to Tom Cregan who has been an integral part of the EML growth story for over a decade. He has tirelessly led the Company from a small technology business in Australia to a diversified payments leader operating in 32 countries.”

Shares in EML were down 14.7 per cent and were trading at $1.09 at 10:28 am AEST.

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