The Board of Directors of HiPay Group SA in order to review the Group’s governance. During these meetings, the Board decided to terminate the mandates of Mr. Grégoire Bourdin as CEO of HiPay Group SA and Président of HiPay SAS, with immediate effect. The Board of Directors wishes to thank Mr. Grégoire Bourdin for all the work accomplished throughout the recent years.

The development of the Group now requires a closer collaboration between the Management and the Board. The Board of Directors has decided to appoint Mr. Benjamin Jayet as CEO of HiPay Group SA, being acknowledged that Mr. Jayet also remains Chairman of the Board.