The chief executive of EML Payments, Emma Shand, has left after less than 10 months in the position following a decision by the company’s board to appoint Barrenjoey Capital Partners to sell “all or parts” of the business.
Investors say they support the decision to launch a strategic review, pushing EML shares 16.5 per cent higher on Monday. The financial services company was trading at 67c on hopes bankers would be able to strike deals to unlock value by selling the group’s various divisions.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
