Rachel Kentleton steps down as PayPoint’s Exec Director

The management change is effective today, June 30, 2020.

Paypoint plc (LON:PAY) today confirms that Rachel Kentleton has stepped down as Finance Director and Executive Director of the company. The management change is effective today, June 30, 2020.

Ms Kentleton’s intentions to step down were first announced in May. Back then, the Board confirmed that Alan Dale, currently Head of UK Finance, will be appointed as Interim Finance Director and a member of the Executive Board. Mr Dale, an ACA qualified finance executive, has been with PayPoint in his current capacity for three years and has significant finance leadership experience having held senior finance roles with financial services companies including GE Capital.

Speaking of changes among the top ranks of PayPoint, let’s recall that, on May 20, 2020, the company announced the appointment of Nick Wiles as Chief Executive.

Nick Wiles joined the Board of PayPoint in October 2009 as a Non-Executive Director and has been Chairman of the Company for the past five years. Since September 2019 he has been operating in the capacity of Executive Chairman after Patrick Headon stepped down from the board due to ill health. As a result of this appointment, Nick Wiles has stepped down from the Board of Picton Property Income Limited where he was a Non-Executive Director.