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LONDON - CAB Payments Holdings PLC announced today the expansion of its Board of Directors with the addition of four new members, aiming to bolster its growth strategy in the FX and Payments sector. The company is appointing two Independent (LON:IOG) Non-executive Directors and two Non-executive Directors nominated by Helios Investment Partners LLP, while also acknowledging the retirement of Simon Poole from his directorship roles.
Kushagra (’Kush’) Saxena and Peter Klein have been named as the new Independent Non-executive Directors, both bringing a wealth of experience in payments, technology, and emerging markets. Their appointments are expected to enhance the company’s oversight and market expertise. Saxena, former CEO of Getnet, and Klein, with a background as an Executive Vice President at Mastercard (NYSE:MA), are set to join the Board of CAB Payments and Crown Agents Bank Limited, pending regulatory notification.
In addition to the independent appointments, Helios Investment Partners LLP has nominated Nitin Kaul and Henry Obi CBE as Nominee Directors. Kaul’s two decades of experience in managing emerging markets businesses and Obi’s extensive regulatory and pan-African business relationships are anticipated to contribute significantly to CAB Payments’ strategic objectives. Their appointments are effective from today and will be subject to shareholder election at the 2026 Annual General Meeting. Obi’s role on the Board of Crown Agents Bank Limited will also require regulatory approval.
The Board will continue to reflect a diverse and strong governance structure with 78% of Non-executive Directors being considered independent, gender parity achieved with 50% female members, and 33% of the Board from diverse backgrounds.
Ann Cairns, Chair of CAB Payments, expressed her enthusiasm for the new directors’ potential impact, stating that their collective expertise will be an invaluable resource for the company’s growth. She also extended gratitude to Simon Poole for his nine years of service to the Board.
The new appointments come after the departure of former Independent Non-executive Director Mario Shiliashki in September 2024. The company has not disclosed any further information under UK Listing Rule 6.4.8R regarding the new appointees.
This announcement is based on a press release statement from CAB Payments Holdings PLC.
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