W.A.G payment solutions plc (‘Eurowag' or the ‘Group') announced the appointment of Oskar Zahn as Chief Financial Officer (‘CFO') with effect from 17 April 2023. He will be appointed as an Executive Director of the Board on 12 May 2023, following the next Board meeting. Oskar will succeed Magdalena Bartos, CFO, who will remain with Eurowag until the proposed acquisition of Inelo is completed and the Group's 2022 full year results are finalised.

It is anticipated that Magda will step down from the Board and will leave the business on 30 April 2023. As part of Group's overall succession planning, David Forth, a Senior Finance Professional with wide international experience was appointed on 1 February 2023 to support Magda and ensure there is a smooth transition to the Group's new CFO. Oskar brings over 30 years' experience of working within large complex international businesses with continuous improvement and growth focused cultures.

Most recently he was CFO at XP Power Limited. Prior to XP Power, Oskar was CFO of Scapa Group plc, from 2018 until its acquisition by SWM International Inc. in early 2021. Previously, he served as CFO at Spearhead International.