Net1 appoints Kuben Pillay to its board of directors
05 March 2020 - 1:00AM
Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) (“Net1” or
the “Company”) announced today the appointment of Mr. Kuben Pillay
as an independent non-employee director of the Company, effective
June 1, 2020. He will also serve on the nominating and corporate
governance, audit and remuneration committees, effective June 1,
2020.
Mr. Pillay serves on South African public and
private corporate boards to which he brings diverse localized
management and board experience in legal, digital, transaction
processing and technology operations. These include being a
non-employee director of Transaction Capital Limited (JSE:
TCP), Sabvest Limited (JSE: SBV), and the OUTsurance group of
companies.
Kuben has most recently served as the
non-executive chairman of Cell C Limited from August 2017 to
October 2019. He was the non-executive chairman of Primedia Limited
from February 2014 to December 2016, and also served as its group
CEO from August 2009 to January 2014. An attorney by profession,
Kuben was a managing financial partner at attorneys Cheadle
Thompson and Haysom before joining Mineworkers Investment Company
Proprietary Limited in 1996 as a founding executive director, and
later as the non-executive chairman of Mineworkers Investment
Company. Mr. Pillay lives and works in South Africa.
Mr. Pillay has a BA LLB from the University of
the Witwatersrand, Johannesburg, and a Masters in Comparative
Jurisprudence from Howard University, Washington DC.
“I am very pleased that Kuben will be joining
our Board,” said Christopher S. Seabrooke, Chairman of the Net1
Board, “His qualifications and broad experience in numerous sectors
will be very welcome,” he concluded.
Net1’s Board will be comprised of two executive
and six independent directors once Mr. Pillay’s appointment is
effective.
About Net1 (www.net1.com)
Net1 is a leading provider of transaction
processing services, financial inclusion products and services and
secure payment technology. Net1 operates market-leading payment
processors in South Africa and the Republic of Korea.
Net1 offers debit, credit and prepaid processing and issuing
services for all major payment networks. In South Africa, Net1
provides innovative low-cost financial inclusion products,
including banking, lending and insurance and through DNI is a
leading distributor of mobile subscriber starter packs for Cell C,
a South African mobile network operator. Net1 leverages its
strategic equity investments in Finbond and Bank Frick (both
regulated banks), and Cell C to introduce products to new customers
and geographies. 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:
Dhruv Chopra Group Vice President, Investor Relations Phone: +1
917-767-6722 Email: dchopra@net1.com
Media Relations Contact:
Bridget von Holdt Business Director – BCW Phone: +27-82-610-0650
Email: Bridget.vonholdt@bcw-global.com
Net 1 Ueps Technologies (NASDAQ:UEPS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Net 1 Ueps Technologies (NASDAQ:UEPS)
Historical Stock Chart
From Jul 2023 to Jul 2024