Findi Announces Board Transition and Strategic Business Review
Key points
- Stephen Benton appointed as Non-Executive Chairman
- Nicholas Smedley reverts to Non-Executive Director role
- Strategic review of business units underway
Full summary
Findi Limited (ASX: FND) has announced an orderly Board transition to support its next phase of growth and strategic development. Stephen Benton, currently a Non-Executive Director, will assume the role of Non-Executive Chairman. Nicholas Smedley will revert to a Non-Executive Director role and focus on Transaction Solutions International (TSI). The Board has also commenced a strategic review of its business units to optimize capital allocation, identify synergies, and secure a Payments Bank licence in India. The review is expected to be completed over the next few months.
Guidance
No specific financial guidance provided
Outlook
The strategic review aims to optimize capital allocation and identify synergies, with a focus on securing a Payments Bank licence in India.
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