London, United Kingdom - December 15, 2014, London, United Kingdom - Optimal Payments Plc, an online payments company, announces that Keith Butcher, chief financial officer, will be leaving the company to take on a new role, effective January 2015.
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Mr. Butcher has extensive experience in the software and technology sectors having previously been Finance Director of a number of AIM listed businesses including Datacash Group Plc, the online payments processor, where he was Finance Director for almost 5 years during its period of rapid growth.
He was also Finance Director of Flomerics Group Plc an AIM listed international engineering software business where he oversaw the sale of the business to NASDAQ listed Mentor Graphics Inc in 2008, and of Lombard Risk Management Plc, an AIM listed banking software business.
Mr. Butcher qualified in the UK as a Chartered Accountant with KPMG and has worked as a consultant with firms such as Diagonal Plc and PricewaterhouseCoopers.
He will step down from the Board on 1 January 2015 and has agreed to remain with the Company until 31 March 2015 to oversee an orderly transition and assist in the preparation of the year-end Report and Accounts, before taking up a new role.
The Company announces that Brian McArthur-Muscroft will succeed Mr. Butcher as CFO and Director of the Company, with effect from 1 January 2015.
Mr. McArthur-Muscroft has more than 25 years’ experience of dealing with financial strategy, with the last 20 years specialising in the technology sector. Mr. McArthur-Muscroft was previously Group Finance Director at Telecity Group Plc where he led the IPO of the business in 2007.
He was chosen as the ICAEW’s FTSE 250 Finance Director of the Year in 2012 and Business Week’s Finance Director of the Year in 2013. He currently serves as a Non-executive Director on the Board of Robert Walters Plc (appointed in May 2013). In former roles, he was CFO at Viatel, Eckoh Technologies Plc and Cable & Wireless HKT Multimedia. He is also a restructuring specialist and was the Interim CFO on the successful turnaround of MCI Worldcom EMEA. ■