EML Payments Limited announced that it has appointed Mr. Kevin Murphy as interim Group CEO and that it is commencing a global search for a permanent Group CEO to replace Ms Emma Shand, who given the change in operational priorities resigned from her role on April 17, 2023 as Managing Director & Group CEO. The appointment of Mr. Murphy as interim Group CEO is one of several new initiatives designed to reposition the EML business. Other initiatives include confirmation of immediate operational priorities and the appointment of Barrenjoey to conduct a strategic review of the EML business.

The Board of EML has appointed Mr. Murphy, an experienced payments executive and Irish national, as interim Group CEO until a permanent CEO is appointed. A former Managing Director of Bank of Ireland (cards business), Mr. Murphy has a deep understanding of the global payments industry, has significant regulatory experience (including with the Central Bank of Ireland) and has been involved in several successful business turnaround scenarios for private equity funds. He resides between London and Dublin.

The Board has commenced a global recruitment process for a permanent Group CEO. Mr. Murphy will be considered for this role. The Board of EML advises that Ms Shand, Managing Director & Group CEO, will step down as Managing Director & Group CEO effective from April 17, 2023 and will remain employed with EML for a short transitional period through to 17 July 2023.

The Board recognises Ms Shand's contribution to the business in her role over the course of the past 9 months. Kevin Murphy is an internationally experienced CEO and Board Director who specialises in the global payments industry and has worked across all aspects of payments including card issuing, acquiring, consumer lending, FX remittances, corporate payments, etc. He has extensive experience in growing, turning around, and restructuring businesses in Ireland, UK, Europe & North America through clear strategy direction and execution, board influencing and decision making across a portfolio of PE firms, large public listed and privately-owned companies.

His initial career was spent working with Irish banks, including 5 years as Managing Director of Bank of Ireland cards business in Ireland and the UK. Most recently, he has spent 12 years working internationally, as CEO of PE owned portfolio businesses. He has held Executive and Non-Executive roles in regulated payments businesses across Ireland, UK, USA, Spain and Luxembourg.

Kevin will be based between London and Dublin.