February 5th 2013. Weve has announced that David Sear has joined the company as its permanent CEO. Sear has extensive experience in the payments industry. Previously, he spent six years at Travelex, the world’s largest non-bank payments provider as Divisional Managing Director, Global Business Payments and prior to that as Divisional Managing Director of Outsourcing. Before joining Travelex, Sear spent three years as Commercial and Scheme Managing Director at Voca, a company at the heart of the UK banking industry which at the time processed over 60 million payments on a peak day.
David Sear will replace Nancy Cruickshank, who led Project Oscar through its successful clearance by the EC.
Cruickshank has been Launch CEO since September 2012 spanning the launch and initial trading period.
A serial entrepreneur, Cruickshank has been a passionate advocate of Weve and has been delighted to support the company through its initial launch phase.
She will remain onboard part-time until the end of March 2013 to ensure a smooth transition.
Chairman of Weve, Gerry McQuade said, “I am delighted that David is joining at such an exciting time.
Weve has been steadily building its capabilities since December and the mobile marketing business is operational and generating revenue.
With an opted-in 15 million customer base, the company is at a great starting point to bring to life the full potential of mobile commerce in the UK.”
“I would also like to thank Nancy for her support over the last year and wish her every success as she leaves the business to focus on the development of her own online beauty business.”