PayPoint eyes growth as new chair named

 
Oliver Smith
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UK PAYMENTS service PayPoint, a fixture at many corner shops across London, yesterday announced the appointment of Warren Tucker as chairman of the company, succeeding David Newlands.

The FTSE-250 listed group’s services include utility payments at over 25,000 corner stores, click and collect parcel delivery from online retailers to over 5,000 shops and the PaybyPhone service used across London and in 150 cities worldwide.

Tucker – a non executive director at consumer goods group Reckitt Benckiser and travel group Thomas Cook – will take over the role following PayPoint’s annual meeting in July. “I am honoured and delighted to be joining PayPoint at an exciting time in its development and look forward to working with Dominic and all our talented colleagues in the future,” he said.

Chief executive Dominic Taylor said, “We are delighted to have secured an excellent replacement in Warren and look forward to working closely with him in the future.”

Taylor told City AM yesterday that the company is planning to bring both its PayByPhone business and PayPoint business under single management this year to open up new opportunities for clients and consumers.