LSE-AIM listed e-banking and international payments firm Equals Group plc (formerly FairFX)  has announced that John Pearson will stand down from his position as a Non-Executive Director of the Company with effect from 9 October 2020.

The company said that this Board change is part of an orderly transition of a wider succession plan, which saw Alan Hughes replace John Pearson as Chairman in June 2020.  Having recruited Alan Hughes for the Chair role John Pearson had agreed to stay on for a short hand-over period, which has now concluded.  The company said it has initiated a process to recruit a successor who can assist with the next phase of growth for Equals and an update will be provided in due course.

Ian Strafford-Taylor, Chief Executive Officer of Equals, said:

“John has been a valued member of the Board since November 2014 when he joined as a Chairman.  Over the last six years, I have personally been extremely grateful for his wise counsel and his drive to grow the business into what it is today.  I know that the rest of the Board will join me in thanking him and wishing him the very best going forward.”

John Pearson, added:

“My role at Equals, first as Chairman and then more latterly as a Non-Executive Director, has been an exciting and tremendous growth journey.  I am proud of the significant strides the Group has made as well as the challenges that it has overcome.  I wish everyone at Equals the very best and I will continue to keep a keen eye on the Group as it continues to grow and prosper.”