Takeover target EML Payments faces a “heavy set of challenges”, says new chief executive Emma Shand, as it attempts to restore credibility with European regulators amid a major board reshuffle initiated by one of its largest shareholders,
The payments and gift cards company said Luke Bortoli, a former Afterpay chief financial officer, and Peter Lang, a former executive at McMillan Shakespeare, had joined the EML board, alongside Connor Haley, the founder of Alta Fox Capital, which owns just over 10 per cent of EML.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
