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New CFO promoted at Optimal Payments

2014-12-15
Reading time 1:22 min
(UK).- Optimal Payments has announced that Keith Butcher, Chief Financial Officer (CFO), is leaving the company to take on a new role. The position will be filled by Brian McArthur-Muscroft, who has over 25 years’ worth of experience in dealing with financial strategy and twenty additional years in IT.

Butcher will step down from the Board on January 1, 2015 but has agreed to remain at the company until March 31, 2015 to oversee an orderly transition and assist in the preparation of the year-end Report and Accounts, before taking up a new role.

Brian was previously Group Finance Director at Telecity Group, where he led the company's IPO in 2007 and raised US$ 497 million in senior debt facilities with major UK institutions. Brian 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 (appointed in May 2013). 

In previous roles, Brian was CFO at Viatel, Eckoh Technologies and Cable & Wireless HKT Multimedia. Brian is also a restructuring specialist and was the Interim CFO on the successful turnaround of MCI Worldcom EMEA. Brian is a Governor at Hockerill Anglo European College, a leading secondary school in Hertfordshire and a trustee of Touraid, an international rugby charity which organizes tournaments to bring disadvantaged children from all over the world to the UK through the creation of long-term links with UK schools and clubs. Brian holds a Law degree and is a qualified Chartered Accountant with PricewaterhouseCoopers in London.

Joel Leonoff, President and Chief Executive Officer, announced, “On behalf of the Board of Directors and the entire company, I want to thank Keith for his dedication and contribution over the past four and a half years as CFO of Optimal Payments. Since joining the company in May 2010, Keith has been a key member of the Board and executive management team that has overseen a substantial turnaround in the business, which started with the acquisition of Optimal Payments in February 2011.”

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