Directorate Change - Appointment of new CEO

RNS Number : 9826V

Cornerstone FS PLC

15 August 2022

 

Certain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon publication of this Announcement, this information is now considered to be in the public domain.

15 August 2022

Cornerstone FS plc

("Cornerstone" or the "Company" or the "Group")

Directorate Change - Appointment of new CEO

Cornerstone FS plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, announces the appointment of James Hickman as Chief Executive Officer. James is serving out his notice with his current employer and so his appointment will take effect on 12 September 2022.

James has over 19 years' experience within the payments industry. Most recently, James was Chief Revenue Officer at Dublin-based fintech business, Fire Financial Services Ltd. Previously, James spent nearly five years as Chief Commercial Officer at AIM-quoted Equals plc. Prior to that he was Managing Director at a privately held card & payments business, Caxton FX Ltd. In each role, James was responsible for growing sales, operations and managing key relationships. At Equals, his role also included investor relations, fundraising and strategic acquisitions.

Commenting on the appointment, Elliott Mannis, said:

"James brings a wealth of industry experience and excellent strategic and leadership skills to Cornerstone, and I am delighted that he will be our new Chief Executive Officer. He has impressed the Board with his clarity of vision, breadth of knowledge and his strong client-centric mindset. The Board believes he is a great fit for Cornerstone, with the combination of skills and experience to lead the business through its next strategic phase ."

Commenting on his joining Cornerstone, James Hickman added:

" I am delighted to be joining Cornerstone at a very exciting time in the Group's development. I see great potential in the business from its proprietary technology to its regulatory permissions. It is already delivering an exceptional service to its SME customers and the scalable platform is ideally positioned to add further product capability. I have been impressed by the quality of our people, and the strength of our culture and our client relationships, which provide strong foundations on which to build in the years ahead. I believe we have an exciting future in front of us as we capture growth opportunities in payment services and deliver value for our shareholders."

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

James Richard Hickman, aged 51, holds or has previously held the follow directorships:

C urrent directorships and/or partnerships	Former directorships and/or partnerships (within the last five years)
Clappar Limited	Gogo Remit Limited Q Money Limited Fresh B2B Ltd Fairfx Plc Equals Connect Limited Fair Payments Limited

James Hickman is beneficially interested in 14,410 ordinary shares in Cornerstone, which represents 0.03 per cent. of the issued share capital of the Company.

Enquiries

Cornerstone FS plc	[phone]
Elliott Mannis , Non-Executive Chairman Judy Happe, Chief Financial Officer
SPARK Advisory Partners Limited (Nomad)	[phone]
Mark Brady, A dam Dawes
SP Angel Corporate Finance LLP (Broker)	[phone]
Jeff Keating, Harry Davies-Ball
G racechurch Group (Financial PR)	[phone]
Harry Chathli, Claire Norbury

About Cornerstone FS plc

Cornerstone FS plc is a payments focused fintech business that makes managing currency simple for SMEs. It provides international payment, currency risk management and electronic account services using a proprietary cloud-based multi-currency payments platform. These services are delivered directly and via white label partners on a SaaS basis to UK-based SMEs that engage in international trade. Cornerstone also serves some high-net worth individual clients.

Headquartered in the City of London with offices in Tunbridge Wells and Dubai, Cornerstone is admitted to trading on AIM under the trading symbol 'CSFS'. For more information, please visit www.cornerstonefs.com.

 

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