Net1 Appoints Naeem Kola as Group Chief Financial Officer
10 Dezembro 2021 - 11:00AM
Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) (the
“Company” or “Net1”) today announced that it has appointed Naeem
Kola as Group Chief Financial Officer. Kola will take up his role
with effect from March 1, 2022, and joins Net1 soon after the
announcement of the transformative acquisition of the Connect
Group. Alex Smith will remain in the role of Chief Financial
Officer until Kola joins, and will then transition into newly
created role of Group Chief Accounting Officer from March 1, 2022.
Kola has progressively held senior finance roles
across Middle East and Africa, based out of Dubai, most notably as
Group Chief Financial Officer of the Emerging Markets Payments
Group (EMP), a high-growth fintech business that grew materially
and successfully concluded and integrated five acquisitions during
Naeem’s six-year tenure as Chief Financial Officer. Prior to
becoming Chief Financial Officer, Naeem was Senior Vice President
for Finance, Investments, Strategy and Business Planning at Network
International, a leading payment technology company in the Middle
East. Since the acquisition of EMP by Network International in
2017, Naeem has been an Operations Director and Strategic Advisor
to the emerging market private equity firm Actis, where he again
focused on fintech business investments and value creation
initiatives.
“We are excited to have Naeem join us as Group
Chief Financial Officer,” said Chris Meyer, Net1’s Group Chief
Executive Officer. “Naeem is a highly experienced executive with a
successful track-record as Chief Financial Officer of high-growth
emerging market fintech businesses. Naeem has extensive experience
in merger and acquisition and post-merger integration, capital
raising and overall management of high-performing finance functions
within fintech businesses. His extensive global fintech expertise,
combined with his strong knowledge of Net1’s core South African
geography, make him an ideal choice to help drive our company’s
growth.”
“I would like to thank Alex for his many
contributions to Net1, both as Group Chief Financial Officer and
Acting Group Chief Executive Officer, and I look forward to working
closely with him in his new role as Chief Accounting Officer. I am
pleased with the transition of Alex to the new role. He is an
exceptional accountant and senior executive. His new role reflects
the continued evolution of Net1, and the important role Alex will
play as Net1 is transformed into the leading Financial technology
platform delivering financial inclusion to merchants and consumers
in Southern Africa,” continued Meyer.
“The scope of the Chief Financial Officer role
has broadened considerably, particularly with the anticipated
closing of the Connect Group acquisition, and our plans to grow the
fintech platform. As such, Alex will retain much of his existing
focus in the role of Chief Accounting Officer, whereas Naeem will
bring his expertise at a strategic level in terms of scaling
fintech payments businesses, post-merger integration, and building
out the business intelligence and forecasting that is needed in a
high growth, data driven business,” concluded Meyer.
“I am very excited to join Net1 during a
transformational period for the business. I am highly aligned with
the vision of financial inclusion and I am excited to work
alongside my new colleagues, board directors and shareholders to
pursue the very attractive growth opportunities facing Net1. I am a
firm believer in financial inclusion and growth opportunities as
markets transition towards digital payments and acceptance. This is
an exciting opportunity and looking immensely forward to being part
of Net1,” said Kola.
About Net1
Net1 is a leading financial technology company
that utilizes its proprietary banking and payment technology to
deliver on its mission of financial inclusion through the
distribution of low-cost financial and value-added services to
underserved consumers and merchants in Southern Africa. Net1 also
provides transaction processing services, including being a payment
processor and bill payment platform in South Africa. Net1 leverages
its strategic investments to further expand its product offerings
or to enter new markets.
Net1 has a primary listing on NASDAQ (NasdaqGS:
UEPS) and a secondary listing on the Johannesburg Stock Exchange
(JSE: NT1). Visit www.net1.com for additional information about
Net1.
Investor Relations
Contact:ICREmail: net1IR@icrinc.com
Media Relations Contact:Bridget
von HoldtCo-Market Leader | MD – BCWPhone: +27-82-610-0650Email:
Bridget.vonholdt@bcw-global.com
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MkhondoPhone: +27-83 2010-254Email:
rich.mkhondo@mediaandwritersfirm.com
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