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LONDON - Tap Global Group plc (AIM:TAP) announced Tuesday that Peter Wall will step down as Non-Executive Chair following his appointment to a senior position within the newly created Ministry of Artificial Intelligence and Digital Innovation in the Government of Canada.
According to a company press release, Wall will continue to serve as Chair during a transitional period while the Board searches for his replacement.
"It has been a privilege to serve as Chair of Tap Group during a period of transformation and growth," Wall said. "My new role in government is an exciting opportunity to help shape Canada’s digital future, and I’ll be working closely with Tap to ensure a smooth handover."
Tap Global describes itself as a digital finance hub that combines money payments and crypto settlement services in a single app.
Arsen Torosian, Chief Executive Officer of Tap Global, stated that Wall "played an instrumental role in guiding Tap Group through a pivotal stage of our development" and indicated the company plans to announce a new Chair appointment soon.
The company did not specify a timeline for completing the transition or name any potential candidates for the position.
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