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Bango promotes Paul Larbey to CEO

“As CEO, Paul will provide strong and effective leadership as we scale-up the business to meet the goals of our customers and partners”

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Bango's mobile customer billing technology is used by most major networks and merchants such as Amazon, Google and Microsoft

Bango PLC (LON:BGO) has promoted Paul Larbey to chief executive officer as Ray Anderson steps up to become executive chair of the mobile payments specialist.

On Wednesday David Sear stepped down as chairman after more nine years in the role, with the company saying this was in line with corporate governance best practice, with the board still containing three non-executive directors who joined during 2019.

READ: Bango reports positive EBITDA for full year

As executive chair Anderson “will increase his focus on growing the early stage data monetization activities” of the Marketplace division and the Audiens data monetisation business.

Bango said he will continue to work on developing strategic partnerships with large global partners in Asia and the USA.

Larbey, who joined as chief operating officer last March, previously grew his Velocix IP video streaming company and continued to run the business after it was acquired by Nokia.

Anderson said Larbey “has rapidly embraced the strategy and culture” of Bango and “delivered excellent progress” in 2019. 

“As CEO, Paul will provide strong and effective leadership as we scale-up the business to meet the goals of our customers and partners.”

Quick facts: Bango PLC

Price: 111 GBX

LSE:BGO
Market: LSE
Market Cap: £78.47 m
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