The CFO of听listed Cambridge company Bango has stepped down.听
The mobile commerce firm, founded in 1999, said听Carolyn Rand has left the position and its board.听
Rand,听who听joined Bango as interim CFO in October 2018 and joined the board as full-time CFO in January 2019, will be replaced听in the role and on the board听by听Matt听Garner.听
She听will remain with听the company听over the coming year as a consultant.听
Garner, who is an听associate of the Chartered Institute of Management Accountants, joins Bango from Global听Invacom, a global leader in satellite communications technology, where he held the role of听CFO听for seven听years.听听
During his time at Global听Invacom,听he听oversaw the IPO of the business on听London鈥檚听AIM and the continuing listing on the mainboard in Singapore. He also drove the acquisition and integration of five companies.听听
“I am excited to welcome Matt Garner to Bango. Matt brings a wealth of international experience managing hi-tech businesses, which will help shape the next phase of Bango’s growth,鈥� said CEO Paul Larbey.听
鈥�I听would like to thank to Carolyn for all her hard work at Bango. She leaves the听board following a strong 2020 that saw Bango deliver 70% growth and record profitability.”听
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Garner commented: “I am thrilled to join the talented team at Bango, at a time when so many growth opportunities lie ahead.听听
鈥�The Bango virtuous circle strategy, where payment volumes drive payment insights听鈥撎�and听vice versa听鈥撎�is听compelling and the Bango vision of becoming the technology behind every payment choice is irresistible.”听