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Blur Group bolsters finance and payments teams

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Blur Group’s (LON:BLUR) has grown its finance and payments teams following the resignation of the s-commerce specialist’s chief financial officer.

Mitch Faigen becomes the company’s Chief Strategy and Finance Officer, having joined blur at the end of 2012.

Faigen, who has more than 15 years’ experience as a chief financial officer, will be joined in the company’s Southern California Strategy Center by Stuart Chun, who is now a Senior Analyst Strategy and Business Intelligence.

James Porter, who joined blur’s headquarters in Exeter as Group Financial Controller, will now oversee all internal finance jobs.

Barbara Spurrier, Director of Financial Reporting, becomes responsible for external financial reporting and continues her role as company secretary.

The reshuffle follows the resignation of chief financial officer James Davis who cited family reasons for not being able to relocate to the new headquarters. He leaves after joining as CFO in July last year.

Elsewhere, Michelle Cameron joins as Head of Project Delivery & Payments reporting to Kara Cardinale, Chief Community Officer.

Chief executive Philip Letts said: “These appointments reflect an increasing focus by blur Group on processes and planning as we move to the next phase of our phenomenal growth. 

“The enterprise customer is a core focus for blur in 2014 and these customers bring with them new requirements for more advanced payments, billing, financial reporting and compliance as increasingly sizeable and complex projects are undertaken through blur's exchange. 

“With a major new finance system being implemented in the next 2 quarters, we are bringing more world class people and infrastructure to blur's world class technology business.”

The shares dipped 11% to 460p, still up over 200% in the past 12 months.


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