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Eftpos welcomes new directors

point of sale, pos, eftpos, shopping, retailFormer investment banker, Vickki McFadden, and former digital media and telecommunications executive, Brett Chenoweth, have been welcomed as new independent directors to the Eftpos board today.

Eftpos MD, Bruce Mansfield, said the new directors replaced independent chair Bruce Rathie and independent director Vicky Papachristos, both of whom did not seek re-election to the eftpos board after coming to the end of their terms in November 2015.

Both Rathie and Papachristos have been Eftpos board members since its inception in 2009. A new Eftpos chair will be announced after the board meeting in February 2016.

Mansfield said the appointments brought a wealth of experience and knowledge to the eftpos board at a critical time in the company’s transformation.

“Eftpos is delighted that Vickki McFadden and Brett Chenoweth have joined the board at this important time in our company’s history,” said Mansfield. “They both bring important skills and experience that will help guide eftpos through our transition from a single-product company, to a multi-product and services payments company.”

McFadden said she was excited to be joining the Eftpos board at a time when the payments industry was undergoing a period of rapid change.

“2016 is going to be an important year for eftpos as it introduces new products and services into the market and is able to compete on new platforms such as online, mobile and contactless for the first time,” said McFadden.

Chenoweth said he was pleased to be joining the board of an iconic Australian brand as it transitioned into new high growth sectors of the payments value chain.

“While Eftpos has been a well recognised brand in Australia for 30 years, it is now moving into digital payments and into multiple new frontiers, including partnering with some of the world’s most innovative companies in the payments sector,” said Chenoweth. “The future for Eftpos is an exciting one.”

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