Worldpay today announced that John Allan will be stepping down from his role as Chairman later this year. Mr Allan will remain a Director of Worldpay and a member of the Board.
John Allan, outgoing Chairman of Worldpay, said:
“It has been a privilege to be Chairman of Worldpay over the last four years and to help it grow into one of the world’s leading payment processing companies, working with a senior leadership team that is the envy of the industry.
I believe it would be beneficial for a new Chairman to be appointed to help see the business through continued rapid growth and development over the next few years.
I remain committed to Worldpay and look forward to working with the management team to help the company realise its exciting vision for the future as a member of the board.”
Philip Jansen, Chief Executive Officer of Worldpay, said:
"John has been an excellent Chairman of Worldpay and on behalf of the Board I would like to thank him for his great leadership and guidance. I am delighted that he will remain on as a Director and continue to play an active role as we aim to accelerate growth at Worldpay"
Worldpay has begun its search for a new Chairman and will announce the appointment in due course.
Worldpay also announces today, that together with its major shareholders they continue to assess a range of strategic options for the business, including an IPO.
For more information please contact:
Tom Parker, Golin. 0207 067 0288 / 07500 920 635
Worldpay is one of the world’s leading independent payment processing companies. The Worldpay Group has three operating divisions: ecommerce, Worldpay US and Worldpay UK.
Worldpay UK, the UK’s leading payment processor, helps businesses of all sizes sell more to their customers – by accepting credit and debit card payments in-store, online, via mail or telephone, and on the move. In 2013 Worldpay handled 44% of all card payments made in Britain.
Across the Worldpay Group, we process over 8.4 billion transactions every year, and our online payment options cater for over 200 payment types in 115 currencies. www.worldpay.com/uk
About John Allan:
John Allan is an experienced business leader who along with his role as Chairman at Worldpay also is the chairman at Tesco, Barratt Developments and London First.