PayPoint CEO Dominic Taylor is stepping down after 21 years.
He will be replaced by former eBay and Diageo executive Patrick Headon.
Headon was most recently MD of Wolseley UK, before which he was business development director, Europe at eBay and Diageo’s MD for central & eastern Europe.
Taylor officially steps down as CEO in April but will remain an employee of PayPoint until the end of the year. Headon will join the business on 1 March.
“It has been an honour to lead PayPoint for some 21 years, from a small startup to the scale and capability of the public company it is today,” said Taylor. “It has been an enormous privilege to work with the many talented and committed people in the PayPoint team and I am very grateful to have enjoyed their support, alongside that of our retailers and clients, in building a unique and successful business providing important services to consumers.
“I look forward to working closely with Patrick Headon to ensure a smooth handover and I am confident that he will lead PayPoint to even greater success in the future.”
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PayPoint chairman Nick Wiles added: “Dominic has been an outstanding leader of the business. He has made a significant contribution to establishing the company we are today, based on strong values, an entrepreneurial spirit and a focus on delivering value for all stakeholders.
“With the support of a strong team, he has built the leading bill payments and retail services provider in the UK and Romania and made significant progress against our strategy of embedding PayPoint at the heart of convenience retailing. More recently this has resulted in a simplified and more focused business with a clear roadmap against which to implement our strategy. On behalf of the board and shareholders I would like to thank Dominic for his enormous contribution during his significant time in the business.
“The board is delighted to welcome Patrick Headon to the company following a thorough and rigorous search process. The combination of Patrick’s experience, drive and track record in delivering on strategy, makes him the ideal candidate to lead PayPoint. The board and I are looking forward to working with him.”
Headon said: “I look forward to joining the business, meeting customers, retailers and other stakeholders as I work with the executive team to execute the strategy and realise the significant opportunities available to PayPoint and its shareholders.”
Meanwhile, commercial director Lewis Alcraft has also been promoted to chief commercial officer.
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