New CEO for NEOVIA

Online banking and e-cash processing group Neovia plc has announced the appointment of Mark Mayhew (49) as President and Chief Executive commencing 1 September 2009.

Mayhew has a successful track record in senior executive roles in consumer financial services companies in the UK and internationally. The major part of his career has been with blue chip corporations, primarily in retail financial services and cards and payments operations (including leading NatWest’s issuing and acquiring businesses as COO, and Head of UK Consumer Banking at Morgan Stanley) and leading CIMS, the individual memberships business of Cendant.

He served as Non Executive Director with a specialist technology consulting business, Detica Group plc (a FTSE 250 business), until its acquisition last year by BAE Systems plc. Most recently, he was chief executive of Debrett’s Limited and is also currently non-executive Chairman of the JAC Travel Group.

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Mayhew's apointment follows was a comprehensive international search process. Neovia chairman Dale Johnson, commented: “Mark was the stand-out candidate from a number of very strong individuals and we are particularly pleased to welcome him as Neovia’s new President & CEO.

Mark is a very accomplished executive and his proven credentials in strategy formulation, operational development and plc governance, coupled with his deep financial services and payments expertise, uniquely qualify him to lead Neovia at this exciting time.”

Mayhew commented: “I am delighted to have been appointed President & CEO of Neovia. The company has a strong track record and also an eventful history but I am excited by the opportunity to drive it’s next phase of growth, building on the group’s vision to deliver bold payment solutions to selected e-commerce communities.

The current downturn means that we face some short-term challenges but, in the longer term, I believe the group is well positioned to make real and sustained progress and deliver significant benefits to its customers, merchants, investors, and employees."

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