Cross-border payment network Earthport plc (LON:EPO) today announces that Chris Cowlard will be stepping down as Chief Operating Officer and a member of the board as of June 3, 2016.
Daniel Marovitz, who is at present a president of Earthport Europe will move into a new role as President – COO of Earthport.
Mr Cowlard has been at Earthport for more than 5 years and has been instrumental in bringing the company from an early-stage venture to a regulated global payments company serving some of the major financial institutions and eCommerce companies.
Before joining Earthport, Mr Marovitz had a diverse background as a technologist, software entrepreneur and senior executive. He served as Head of Product Management for Deutsche Bank’s Global Transaction Bank from 2007-2011 and as a member of the board of this division. During his eleven year tenure at Deutsche Bank, he served a number of roles, including Chief Information Officer of the investment bank. Mr Marovitz was a founding member of SWIFT’s Innotribe group and is a frequent speaker on technology and banking subjects.
Commenting on Chris Cowlard’s departure, Philip Hickman, Non-Executive Chairman of Earthport, said:
“On behalf of the board I would like to thank Chris for his significant and valuable contributions to Earthport over the past five years and we all wish him well in his future career.”
Commenting on the appointment of Daniel Marovitz, Hank Uberoi, CEO of Earthport, said:
“We are delighted to welcome Daniel to the role of COO. Daniel has been a great asset to the Company in leading our European business and we are certain he will make a positive impact in his new role as we continue to drive the business forward.”
You can view the full announcement from Earthport by clicking here.