[December 31, 2008] Euronet Worldwide Makes Management Changes in Its e-pay U.K. Prepaid Subsidiary Tweet (Wireless News Via Acquire Media NewsEdge) Euronet Worldwide, Inc., an electronic payments provider, has announced the appointment of Tony Westlake as chief operating officer of the Company's Prepaid segment and the addition of Nicholas L.A. Kennett (Nick Kennett), who succeeds Westlake as managing director of e-pay Ltd, Euronet's prepaid subsidiary in the United Kingdom. Both Westlake and Kennett will report to Gareth Gumbley, managing director of Euronet's Prepaid segment and will be based in London. As chief operating officer for the Company's Prepaid segment, Westlake will retain his current financial responsibilities and will also assume responsibility for the operational activities of Euronet's global prepaid operations. Previously, Westlake served as managing director of e-pay U.K. and as chief financial officer of Euronet's Prepaid segment. Westlake joined e-pay at its inception in 1999 and was responsible for implementing financial, accounting and operational processes for all e-pay operating countries, which form the foundation of Euronet's Prepaid segment. Prior to e-pay, Westlake held leadership roles in finance at Baker Tilly, the seventh largest firm of chartered accountants in the U.K. and at Kitcat & Aitken, a medium sized firm of stockbrokers and has more than 20 years of financial and corporate experience. As the new managing director of e-pay U.K., Nick Kennett will be responsible for managing the growth and profitability of e-pay U.K. prepaid operations while continuing to expand its technical and product portfolio. Kennett has acquired strong professional credentials having worked for more than 20 years in the financial services and payments industry in Europe and Asia-Pacific. Prior to joining Euronet, Kennett was general manager and senior vice president of strategic business development at Visa Asia-Pacific. He was responsible for developing the corporate and regional strategy for Visa Asia-Pacific, which included playing a key role in the inter-regional negotiations that established Visa Inc. He was also accountable for developing Visa's strategy for key Asian markets as well as being accountable for processing, acceptance, interchange and consulting support. Also, Kennett held a director position on the MasterCard International Asia-Pacific and the MasterCard Global Debit/Maestro Boards from 2000-2003. Earlier this year, Kennett established ITM Consulting, a strategy consulting firm focusing on strategic issues facing participants in the payments value chain. Kennett's work experience also includes serving as a director of Edgar, Dunn & Company, a specialist payment consulting firm in London and as executive general manager of retail customer services at the Commonwealth Bank of Australia in Sydney. Kennett holds a Bachelor of Arts honours degree in economics, history and politics and a Master of Business Administration in international business and finance from CASS Business School, London. ((Comments on this story may be sent to [email protected])) ((Distributed on behalf of 10Meters via M2 Communications Ltd - http://www.m2.com)) ((10Meters - http://www.10meters.com)) Copyright ? 2008 Wireless News [ Back To TMCnet.com's Homepage ]