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CAMBRIDGE, UK - Bango PLC, a company specializing in online payment and analytics services, today announced that board members Anil Malhotra and Frank Bury will not seek re-election at the upcoming Annual General Meeting scheduled for June 30, 2025. The two will step down from their positions at the conclusion of the meeting.
Anil Malhotra, who also serves as Bango’s Chief Marketing Officer, will transition to a new role within the company. He will focus on leveraging his expertise in artificial intelligence (AI) to assist telecommunications companies and other resellers in integrating AI strategies with Bango’s Digital Vending Machine® (DVMTM) platform. This move aims to enhance customer value through innovative use of the company’s data analytics capabilities.
Executive Chair Ray Anderson expressed gratitude for the contributions of both Malhotra and Bury, highlighting Malhotra’s role in establishing Bango’s market presence and Bury’s financial industry insights that benefited the company. Anderson noted Malhotra’s passion and his ability to win support from major internet companies, positioning Bango as a unique player in the market.
Reflecting on his tenure at Bango, Malhotra shared his enthusiasm for the company’s journey since its inception and his eagerness to drive value through AI and the DVM platform.
The announcement also stated that this information is considered inside information under market abuse regulations, which are part of UK law following the European Union (Withdrawal) Act 2018. CEO Paul Larbey was named as the person responsible for the dissemination of this announcement.
The news of the directorate change comes as Bango continues to engage with its management team and shareholders through various interactive platforms, aiming to maintain transparency and open communication channels.
This article is based on a press release statement from Bango PLC.
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