Worldpay appoints Sir Michael Rake as Chairman
Worldpay is pleased to announce that Sir Michael Rake will become Non-Executive Chairman on 1 September 2015, subject to regulatory approval. He succeeds John Allan who announced in May this year that he was to step down as Chairman. John will remain a Non-Executive Director of Worldpay.
Sir Mike brings a wealth of experience to Worldpay, having spent 30 years at KPMG where he was Senior Partner at KPMG UK, as well as Chairman of KPMG International. He is Chairman of BT Group plc and Deputy Chairman and Senior Independent Director of Barclays PLC. He was previously President of the Confederation of British Industry, Chairman of the UK Commission and Skills, Chairman of Business in the Community, Chairman of easyJet plc and a Director of the Financial Reporting Council.
Sir Mike said: “I’ve been very impressed by the Worldpay story so far and am looking forward to being part of the journey ahead. The payments industry has never been more exciting and Worldpay is at the forefront of this innovation. I look forward to working with Philip Jansen and the management team to lead the business onto even greater success.”
John Allan said: “I am delighted that we have been able to appoint Sir Mike as Chairman. His expertise in financial services and technology and his experience of leading boards will be invaluable to Worldpay.”
For more information please contact:
James Murgatroyd / James Fearnley / Andrew Hughes
Finsbury: +44 (0)20 7251 3801
Worldpay is a global leader in payments processing technology and solutions for our merchant customers. We operate reliable and secure proprietary technology platforms that enable merchants to accept a vast array of payment types, across multiple channels, anywhere in the world.
The Group has three operating divisions: global eCom, Worldpay US and Worldpay UK.
On a typical day, we process 31 million mobile, online and in-store transactions and in 2014 we supported over 400,000 merchants in 126 currencies across 146 countries offering over 300 payment methods. Our solutions are delivered by 4,500 staff from our corporate headquarters in London and 25 offices in 11 countries around the world.