Planet Payment, Inc. Appoints Carl J. Williams to the Board
LONG BEACH, N.Y., Aug. 20, 2013 (GLOBE NEWSWIRE) -- Planet Payment, Inc.
(Nasdaq:PLPM) (LSE:PPT), a leading provider of international payment
processing and multi-currency processing services, is pleased to announce that
the Board of Directors has appointed Carl Joseph Williams as a Director of the
Company and Mr. Williams has accepted such appointment, with immediate effect.
In connection with the appointment, the Board was expanded to seven
Carl Williams' career in financial services spans 30 years and includes
several high profile industry positions. He is currently CEO and founder of
Baikal Group, LLC a consultancy and advisory company. From May 2012 until July
2013, he served as Managing Director of Pay Anywhere, LLC.Until recently he
was also an advisor to Global Payments Inc. Previously, Mr. Williams was
President of World Wide Payment Processing for Global Payments, a role that he
held from 2004-2009, while living in Prague and Hong Kong. Mr. Williams also
served as President of the Merchant Services Division of National Processing
Company, one of the nation's largest processors of credit card, debit and
check transactions.Mr. Williams has served as an advisor to Planet Payment,
Inc. since 2010. Mr. Williams holds a B.A. from La Salle University in
Mr. Williams was appointed as a Class I Director of the Company, along with
Jonathan Kaiden and Cameron R. M. McColl.Mr. Williams will hold office for a
term expiring at the 2014 Annual Meeting of the Company, when he will be
eligible for re-election as a director by the shareholders.
In accordance with the Company's non-employee director compensation policy,
Mr. Williams has been granted 50,000 options over shares of common stock of
the Company under the 2012 Equity Incentive Plan, at an exercise price of
$2.21 per share.In addition Mr. Williams has a 50% interest in Baikal Group,
LLC which owns 15,000 shares of the Company's Common Stock.
Commenting on the appointment, Philip Beck, Chairman and Chief Executive
Officer of Planet Payment, said:
"We are delighted to welcome Carl Williams to the Board. Carl brings a
lifetime of industry experience and knowledge to Planet Payment and we look
forward to benefitting from his insight."
Mr. Williams added:
"Having watched Planet Payment for many years, I believe it is one of the more
innovative companies in the payments industry.I am excited to join the Board
and I look forward to helping the Company continue to move forward to future
Mr. Williams's (aged 61) current and previous directorships and executive
positions over the past five years are as follows:
President and Chief Executive Officer of Baikal Group, LLC
Managing Director of Pay Anywhere, LLC
Advisor of Business Development and International Operations at Global
President of World-Wide Payments Processing and Merchant Acquiring of Global
Executive Vice President of World-Wide Merchant Acquiring of Global Payments
President of Spherion Assessment Group
Chairman and Chief Executive Officer of HR Easy Inc.
President of the Merchant Services Division of National Processing Company
President and Chief Executive Officer of JBS Associates
Executive Director of Global Payments Europe, s.r.o.
There is no further information required to be disclosed pursuant to Schedule
2, paragraph (g) of the AIM Rules for Companies.
About Planet Payment
Planet Payment is a leading provider of international payment processing and
multi-currency processing services. We provide our services in more than 20
countries and territories across the Asia Pacific region, North America, the
Middle East, Africa and Europe, primarily through our 60 acquiring bank and
processor customers. Our point-of-sale and e-commerce services help merchants
sell more goods and services to consumers, and together with our ATM services
are integrated within the payment card transaction flow enabling our acquiring
customers, their merchants and consumers to shop, pay, transact and reconcile
payment transactions in multiple currencies, geographies and channels.
Planet Payment is headquartered in New York and has offices in Atlanta,
Beijing, Bermuda, Delaware, Dubai, Dublin, London, Hong Kong, Mexico City,
Shanghai and Singapore. Visit www.planetpayment.com for more information about
the Company and its services. For up-to-date information follow Planet Payment
on Twitter at @PlanetPayment or join Planet Payment's Facebook page.
Planet Payment, Inc.
Graham N. Arad, SVP General Counsel
Tel: + 1 516 670 3200
Redleaf Polhill (UK PR for Planet Payment)
Emma Kane / Rebecca Sanders-Hewitt / David Ison
Tel: +44 207 382 4730
ICR (USA IR for Planet Payment)
Don Duffy / Dara Dierks
Tel: +1 646 277 1212
Canaccord Genuity Ltd (Nomad for Planet Payment)
Simon Bridges / Andrew Chubb
Tel: +44 20 7523 8000
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