PayPoint (LON: PAY), a London-headquartered retail payments provider, announced on Tuesday the appointment of Rob Harding as the Chief Financial Officer and Executive Director. He will join the company “later this summer,” and replace Alan Dale, who is retiring later this year.

Harding to Replace Dale as Paypoint CFO

Dale will step down from PayPoint’s Board after the publication of the company’s results but will continue to be an employee of the firm until the end of December to ensure a thorough transition and handover. The transition will happen when PayPoint focuses on the UK market. Additionally, it decided to acquire the entirety of Appreciate Group, a gifting and engagement company, in an £83 million deal.

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Harding has about 25 years of experience working in the financial industry. Currently, he is the Chief Financial Officer and a Director at De La Rue, a manufacturer of polymer and security printed products. He will continue to work there for six more months in an orderly transition of responsibilities while the company is looking for a successor.

He joined De La Rue in March 2020 and was an Interim Chief Financial Officer at Co-op Insurance for nine months before that. On top of that, he spent more than six years of his career at Swinton Group, where he joined as the Chief Risk Officer and was afterwards promoted to Chief Financial Officer. He parted the company as a Strategy and Corporate Risk Director.

Furthermore, he worked at other prominent financial industry brands like Aviva, Arthur Andersen, and Ernst & Young, one of the big four audit firms.

“Rob brings a wealth of experience to the business and is the right candidate to support the continued success of the PayPoint Group and its significant transformation strategy. He is a valuable addition to the Board as we continue our growth plans and integrate the Appreciate Group business,” said PayPoint’s Chairman, Giles Kerr.