Software developer, eServGlobal, is set to appoint a UK-based chairman to align with a marked transition of its shareholder base from Australia to the UK.
According to a company statement, the current chairman, Richard Mathews, is fully supportive of the evolution and intends to resign as a director on the appointment of a suitable replacement.
The move was precipitated by a significant portion of its shares/depositary interest now being held by large UK investment funds.
“Given the advancement of the company close working relationship with MasterCard, together with the vast majority of its customers being northern hemisphere domiciled and it’s majority UK shareholder base, the eServGlobal Board believes that now is the appropriate time to appoint a UK-based Chairman,” a company statement said.
“The eServGlobal board has initiated a search (using an external recruitment firm) for a Chairman who is best placed to communicate with the company’s shareholders and who will also have a deep background and understanding of the global financial services and payments industry.”