Boku, Inc (LON:BOKU), a 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 Butcher will step down from the board of Boku, 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 Mr Butcher 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.”
