9th Oct 2018 11:34
LONDON (Alliance News) - Secure payments service provider PCI-PAL PLC said Tuesday that Chief Executive Officer William Catchpole resigned on Monday and will be replaced by North American Chief Operating Officer James Barham.
Catchpole - CEO since 2016 - was "unanimously required by his fellow board members" to resign on Monday, PCI-PAL explained in a statement. In his place, Barham - North American COO since April, at the firm since 2011 - will become boss of the firm.
"Our business has changed much since the disposal of IPPlus and CallScripter in 2016, with its entire focus now on the payment card data protection services of PCI Pal," PCI-PAL Chairman Chris Fielding said. "Our [Amazon Web Services] platform is starting to show real promise globally justifying the significant investments we have made over the last few years."
Barham added: "It is an honour for me to lead this business that I have been a part of since the very beginning in 2011."
"When we launched the new PCI Pal in October 2016 with the aim of becoming the preferred global provider of secure card payment cloud services to contact centres, we set out with three main goals; first to develop a fully virtualised, globally accessible cloud environment on AWS; second, to successfully enter the North American market; and third, to adopt a partner-centric sales and marketing strategy," Barham added.
"I am pleased at our progress to date in all these areas and the foundation for future growth that we have built," Barham continued. "As CEO, I am now even more excited at the prospect of accelerating our global growth while at the same time meeting the challenges of scaling this growing business going forwards."
Shares in PCI-PAL were untraded at 26.00 pence on Tuesday.
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