A leading mobile payments company has made significant strides by appointing a new chief financial officer and an independent non-executive director.
These appointments signal the firm’s commitment to enhancing its executive team and driving forward its strategic goals.
Permanent Chief Financial Officer Appointed
Bango has confirmed Carolyn Rand, initially serving as interim CFO, as its permanent chief financial officer. Her appointment reflects confidence in her ability to steer the company’s financial strategies in a period of rapid growth.
Rand, having worked closely with Bango’s executive team for three months, expressed her enthusiasm for the expanding opportunities in digital commerce that the company is pioneering.
New Independent Non-Executive Director
Nancy Cruickshank, an executive at Carlsberg, has joined the company’s board as an independent non-executive director. She will also serve on the remuneration and data privacy committees, contributing her vast digital transformation experience.
Cruickshank previously held the position of CEO at Weve, a data monetisation business backed by UK mobile network operators. She is excited about Bango’s mission to grow from a successful payments platform into a broader commerce platform.
Bango CEO Ray Anderson welcomed Cruickshank’s addition to the board, highlighting her relevant experience and skill set that align with the company’s strategic direction.
Background on Bango
Founded in 1999, Bango is headquartered in Cambridge and has steadily grown in the digital commerce space.
The company was expected to double the amount users spent on its platform in 2018 to over £550 million, showcasing its significant impact on the mobile payments market.
Bango is uniquely positioned to enable more effective monetisation of payment data by developers and content owners, further fuelling the growth of the app economy.
Statements from Key Figures
Carolyn Rand has expressed her excitement about the future at Bango, stating, “This is one of the most exciting businesses I have been involved in.”
Nancy Cruickshank commented on her new role, saying, “I’m really excited by the Bango mission to expand from a highly successful payments platform to a broader commerce platform.”
Strategic Goals and Future Directions
Under its enhanced commerce strategy, Bango aims to leverage its platform for broader digital commerce opportunities, capitalising on its established payment solutions.
The company focuses on building partnerships with global developers and content owners to drive growth and profitability.
The introduction of executive talents like Rand and Cruickshank aligns with Bango’s vision to maintain a competitive edge in the mobile payments sector.
CEO’s Perspective
Ray Anderson, Bango’s CEO, has expressed his enthusiasm over the recent appointments.
He stated, “I am delighted to welcome Nancy to the Bango board. Nancy’s experience of the digital environment is highly relevant to our market strategy and business model.”
The recent appointments of Carolyn Rand and Nancy Cruickshank mark a significant milestone for Bango.
These changes are expected to bolster the company’s strategic growth and solidify its position in the digital commerce landscape.