Mobile transactions firm Monitise yesterday announced the surprise departure of its information chief with immediate effect.
Monitise, whose shares soared 13.2 per cent last Wednesday after the mobile banking and payments firm announced a deeper alliance with business giant IBM, said Mike Keyworth would remain a technology adviser to the firm.
Shares fell 1.5 per cent yesterday after the announcement.
Keyworth joined the company 10 years ago to direct its launch in the UK, he became the information chief in 2005 and since 2012 has spent two years on its board.
“Mike has made a huge contribution to Monitise over the years and been an invaluable member of our executive team and, for me personally, a great support,” said co-chief executive Alastair Lukies.
Meanwhile David Dey, Monitise independent non-executive director, announced that he will retire from the board in November this year, following Victor Dahir’s departure from his role as Visa’s nominated board director last Friday. Lukies also announced Mike Dreyer, former global head of technology at Visa, join Monitise as Americas president.