PayPoint CEO to step down following medical treatment
In-store payments technology provider PayPoint has announced that its CEO Patrick Headon has left the firm.
He steps down following a leave of absence caused by a medical condition which began in September, said the firm.
PayPoint’s board said in a statement that it wished Headon “the very best for the future.”
The listed firm said it is now beginning the search for a new Chief Executive, and its chairman, Nick Wiles, will continue in the role of executive chairman until a replacement is appointed.
Headon joined the firm in April of this year, bringing leadership experience from firms including eBay and Diageo.
The board said in statement that it thanked the executive team and singling out finance director Rachel Kentleton for the leadership they had shown in the business during the transitional period.
The firm said it will announced the full details of Headon’s departure on its website.
PayPoint was set up in 1996, enabling its customers to load cash payments for gas and electricity meters via a local store.
In 2011, it launched joint venture Collect+, a parcel sending and collection service venture, with delivery firm Yodel.
It now handles over £9.5bn from over 550 million transactions annually for more than 6,000 clients and merchants.