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Wednesday, 01 April 2015 13:30
Hunter steps down after Ukash acquisition
Move after five years as CEO

David Hunter is to step down as CEO of Ukash following the completion of the purchase of the electronic money provider by fellow UK company Skrill.

Hunter, who was CEO for five years, is to take up a number of non-executive positions with a portfolio of businesses.

Earlier this month the owner of Skrill, CVC Partners, agreed a deal for Skrill’s parent company Sentinel Topco to be bought by Optimal Payments for Eur1.1bn.

Skrill said the combination of paysafecard online prepaid solution with the Ukash e-money system will enable it to expand digital payments across both established and emerging markets.

Skrill CEO David Sear commented: “This is an exciting acquisition that will considerably extend our reach in the high-growth prepayment market, enabling us to support consumers and online businesses alike with the world's largest online cash replacement payment method.”
 
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