CFO Takeover at Optimal Payments Plc Come 2015

2015 will come with directorate changes for Optimal Payments with the departure of Keith Butcher as CFO, being replaced by Brian McArthur-Muscroft

Optimal Payments plc, the Neteller subsidiary, that provides the land-based and mobile casino gambling worldwide with online and mobile payment processing services, has announced that Brian McArthur-Muscroft will succeed Keith Butcher, as CFO and Director of the company. The take over comes into effect 1 January 2015.

Optimal Payments president, Joel Leonoff, thanked Butcher on behalf of the Board of Directors, for his dedication and contribution to the company. He has been recognized for his achievements with a Finance Director of the Year 2014 nomination at the Quoted Company Awards.

Leonoff was ‘also grateful to him for agreeing to oversee the transition to Brian’s tenure as the company’s CFO”. Butcher will stay on until 31 March 2015 to assist with the preparation of the end-of-year report and accounts.

Butcher was lauded as being a dedicated executive manager over the past four and a half years. He helped Neteller, operating under the directives of UK gambling laws, to experience substantial turnaround in business when Optimal Payments was acquired in February 2011.

His successor, McArthur-Muscroft, has over 25 years’ experience in financial strategy and was CFO at Viatel, Eckoh Technologies plc and Cable & Wireless HKT Multimedia. He is also the Governor of Hockerill Anglo-European College and is involved in charity works such as organizing tournaments between UK schools and clubs in order to help ‘disadvantaged children from all over the world’.

Today McArthur-Muscroft works as a Non-Executive Director at Robert Walters, a post he has held for the past five years and was awarded the ICAEW’s FTSE 250 Finance Director of the Year in 2012 and Business Week’s Finance Director of the Year in 2013.

As Butcher’s successor, McArthur-Muscroft is expected to contribute a ‘wealth of experience, from his management roles as well as his broader industry knowledge’ points out Leonoff.