Retirement of CFO

Boku Inc

01 May 2024

 

Boku, Inc.

("Boku" or the "Company")

Retirement of CFO

Boku (AIM: Boku), a leading provider of global mobile payment solutions, announces that its Chief Financial Officer ("CFO"), Keith Butcher has notified the board of his intention to retire from the Company following the completion of an extended notice period, allowing for a smooth transition to his successor. 

Keith will step down from the board of the Company, and therefore will not put himself up for re-election as a director, at the forthcoming AGM on 22 May 2024. He will remain an employee until October 2024, and thereafter as a consultant to the business until April 2025. 

A process to appoint a successor to Keith as CFO is underway and a further announcement will be made in due course. 

Stuart Neal, CEO of Boku, commented: "Keith indicated some time ago that he was considering stepping down as a full-time director of the Company. He deferred any decision to allow the Company to effect a smooth transition of the CEO role following the retirement of Jon Prideaux at the end of 2023. I want to personally thank Keith for his contribution to Boku over the past six years, a time of considerable success for the Company." 

Richard Hargreaves, Boku's Chair, said: "On behalf of the board I would like to thank Keith for helping to steer Boku to its current strong financial position. We wish him well for the future and the board are working to find a suitable replacement. The Company is in a strong position to capitalise on its significant momentum in leading the world in aggregating Local Payment Methods for many of the world's largest companies."

For further enquiries:

Boku, Inc. Stuart Neal, Chief Executive Officer	[phone]
Investec Bank plc (Nominated Advisor & Joint Broker) Edward Knight / Nick Prowting / Cameron MacRitchie	[phone]
Peel Hunt LLP (Joint Broker) Paul Gillam / Adam Telling	[phone]
IFC Advisory Limited (Financial PR & IR) Tim Metcalfe / Graham Herring / Florence Chandler	[phone]

Note to Editors:

Boku Inc. (AIM: BOKU) is a leading global provider of mobile payment solutions. Boku's mobile-first payments network, including mobile wallets, direct carrier billing, and account to account/real-time payments schemes, reaching over 7.5 billion mobile payment accounts through a single integration.

Customers that trust Boku to simplify sign-up, acquire new paying users and prevent fraud include global leaders such as Amazon, Meta Platforms, Google, Microsoft, Netflix, Sony, Spotify and Tencent.

Boku Inc. was incorporated in 2008 and is headquartered in London, UK, with offices in the US, India, Brazil, China, Estonia, France, Germany, Indonesia, Japan, Singapore, Spain, Taiwan and Vietnam.

To learn more about Boku Inc., please visit: https://www.boku.com

 

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