eServGlobal announced that Stephen Blundell has been appointed to the position of Chief Operating Officer of the company. Mr. Blundell has served as Chief Financial Officer of the Company since 2009 and will now step down from that role. Mr. Blundell will be responsible for eServGlobal's day-to-day operations.

He will oversee end-to-end revenue delivery, working closely with the teams under him to streamline every step of the product development, sales, delivery and revenue process. In the role of COO, he will report to Paolo Montessori, CEO. Mr. Montessori will continue to oversee the functions of Finance, HR, Legal and Investor Relations whilst having more time to work with the board on the development of the Group's strategy to achieve long-term, sustainable growth.

A highly experienced interim VP Finance, Andy Duffen, has been appointed and a formal process has been started to recruit Mr. Blundell's successor as CFO.