Simon Haslam, the current chief executive, will step down from the group’s board on January 31, 2021, after forty years in the financial services sector, though he will remain with the company throughout his six month notice period to ensure a smooth transition.
The FTSE 250 payment solutions group will replace Haslam with Mer, currently Mastercard strategy head for international markets. He has previously worked with American Express, Citigroup and United Bank for Africa though he has been at MasterCard for 11 years.
“During his tenure, Simon has led the Company’s transformation into the largest payment solutions provider in the UAE and the leading enabler of digital commerce throughout the Middle East and Africa, and delivered significant growth across all our markets. He leaves behind a strong business and a legacy of success,” said Network International’s chairman Ron Kalifa in a statement.
“Nandan’s strong track record of success with Mastercard and strong sector expertise make him an excellent appointment to lead Network through the next stage of our ambitious strategic growth plans.”