Alpha Group International plc announces that Morgan Tillbrook has decided to step down as Chief Executive and Director of Alpha Group International plc on 31 December 2024.

He will be succeeded by Clive Kahn, who has been the company’s Chairman since 2016, and who will be appointed as Chief Executive from 1 January 2025.

Mr Tillbrook will continue in his role as CEO until 31 December 2024, and will then remain available to provide strategic advice to the company on an ongoing basis. In order to underline his continued confidence in the Group and its leadership, he has made a personal commitment to the Board that he will retain a shareholding of no less than 10% for at least three years from the date of this announcement. Clive Kahn currently has a ~ 0.83% shareholding in the Group and has committed to meaningfully increase his equity stake.

Clive’s appointment coincides with the recent successful sale of his company, takepayments, to Global Payments in April 2024, and the forthcoming expiry of his term as Chair at Alpha (originally planned for March 2025). He will continue in his role as Chairman of Alpha until 1 November 2024 when he will be succeeded by the Group’s Chair Designate and current Independent Non-Executive Director, Dame Jayne-Anne Gadhia.

Clive Kahn will become an Executive Director of Alpha on a full-time basis as soon as he can clear his commitments at Global Payments, presently planned for 1 November 2024.