U.K.-based Optimal Payments announced that Chief Financial Officer Keith Butcher is leaving the company, and that the CFO post will be filled by finance and IT veteran Brian McArthur-Muscroft.
Butcher will step down from the Board on January 1, but has agreed to remain at the company until March 31 to oversee an orderly transition and assist in the preparation of the year-end report and accounts, before taking up a new role.
McArthur-Muscroft was previously group finance director at Telecity Group, where he led the company’s IPO in 2007 and raised US$497 million in senior debt facilities with major U.K. institutions. He was chosen as the ICAEW’s FTSE 250 Finance Director of the Year in 2012 and Business Week’s Finance Director of the Year in 2013. He currently serves as a non-executive director on the board of Robert Walters.
In previous roles, McArthur-Muscroft was CFO at Viatel, Eckoh Technologies and Cable & Wireless HKT Multimedia. He is also a restructuring specialist, and was the interim CFO on the successful turnaround of MCI Worldcom EMEA.
“On behalf of the board of directors and the entire company, I want to thank Keith for his dedication and contribution over the past four and a half years as CFO of Optimal Payments,” said Joel Leonoff, the company’s president and CEO. “Since joining the company in May 2010, Keith has been a key member of the board and executive management team that has overseen a substantial turnaround in the business, which started with the acquisition of Optimal Payments in February 2011.”
