Skrill Appoints Jonathan Brooks and Scott Cruickshank as Non-Executive Directors

LONDON--()--Skrill Holdings, operating one of the world’s largest independent e-wallet platforms on the Internet under the Moneybookers brand, announces the appointment of Jonathan Brooks and Scott Cruickshank as Non-Executive Directors with immediate effect. Skrill is majority owned by Investcorp Technology Partners and operates one of Europe's largest online payments systems with over fifteen million account holders, offering its 80,000 registered online merchants access to over 100 payment options in over 200 countries and territories through just one integration.

Jonathan Brooks, is currently a director of Aveva Group PLC, e2v technologies plc and Xyratex Limited and is Chairman of Picochip Inc, a venture capital backed company developing semiconductor solutions for wireless applications. Between 1995 and 2002, Jonathan was Chief Financial Officer and a director of ARM Holdings plc. Prior to this, he performed a variety of financial roles for the Accor Group S.A. in London and Paris.

Scott Cruickshank was previously President and COO CyberSource Corporation, where he headed the firm's global sales, marketing and customer support functions. Prior to that he was President and COO of Qsent, and Chief Sales & Marketing Officer at Paymentech, where he led the company’s sales, customer care, marketing and service operations functions. Before Paymentech, Scott was senior vice president of First Data Merchant Services and managing partner of Bank One Payment Services. Earlier in his career, he held positions at MasterCard International, MCITelecommunications, and Checkfree Corporation.

Commenting on the appointments Bob Wigley, Non-Executive Chairman of Skrill Holdings, said:

“I am delighted that Jonathan and Scott will be joining the business as Non-Executive Directors. Both have a huge wealth of experience in the technology sector as well as extensive business and financial experience which will prove beneficial to Skrill as we continue to grow the business.”

Martin Ott, Co-CEO of Skrill Holdings, added:

“These appointments add to Skrill’s strong and experienced management team at an exciting stage in our development. We are building a high growth, high margin Internet business which is at the heart of the changing dynamics in the worldwide payments industry. As such, it is important we are able to attract the highest quality people as we pursue the many growth avenues open to us.”

Notes to editors

About Skrill

Skrill Holdings operates Moneybookers.com, one of Europe's largest online payments systems and among the world's largest independent e-wallet providers with over fifteen million account holders. This simple e-wallet enables any customer to make online payments conveniently and securely without revealing personal financial data, as well as send and receive money transfers cost-effectively simply by using an email address. Moneybookers' worldwide payment network offers businesses access to over 100 payment options in over 200 countries and territories through just one integration.

Founded in 2001, Moneybookers was the first e-money issuer to become authorised and regulated by the FSA. In 2007, Investcorp Technology Partners undertook the buyout of Moneybookers from its founders. Today more than 80,000 merchants are registered with Moneybookers.com, including global partners such as eBay.com, Skype and Thomas Cook.

In February 2010 The Sunday Times Deloitte Buyout Track 100 league table ranked Moneybookers as the Number 1 fastest growing, private equity-backed firm in the UK based on profits.

Contacts

Financial Dynamics
James Melville-Ross / Haya Herbert-Burns/ Nicola Biles
+44 (0) 20 7831 3113

Contacts

Financial Dynamics
James Melville-Ross / Haya Herbert-Burns/ Nicola Biles
+44 (0) 20 7831 3113