EML Payments Appoints Executive Chair; Shares Fall 16%

MT Newswires Live12-23 07:39

EML Payments (ASX:EML) named current independent Non-Executive Chair Anthony Hynes executive chair, effective Monday, according to a same-day filing with the Australian bourse.

Anthony Hynes will succeed Chief Executive Ron Hynes, who stepped down on Dec. 21, following the company's decision for alternate leadership, the filing said.

Additionally, independent Non-Executive Director Ken Poutakidis has been named deputy chair, effective Monday, the company said.

The payments company also reaffirmed its underlying earnings before interest, taxes, depreciation, and amortization forecast for 2025 between AU$54 million and AU$60 million.

Shares of the company fell nearly 16% in recent Monday trade.

Price (AUD): $0.76, Change: $-0.14, Percent Change: -15.56%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment