Cornerstone Brands has announced that it has appointed a new Chief Executive Officer (CEO), with Julian Wheatland taking on the leading role.
According to the statement from the company today, as the CEO, Wheatland will be responsible for moving the company forward in the next stage of its development.
Cornerstone to Change Its Name
The appointment of Wheatland comes at the same time that Cornerstone is in the process of acquiring FXPress Payment Services Ltd, a provider of advanced payment systems as Platform as a Service to SMEs (‘FXPress’).
Once the transaction has been completed, the company will change its name to Cornerstone FS plc. The acquisition is still subject to authorisation by the Financial Conduct Authority (FCA), the company said.
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Commenting on his appointment as Chief Executive, Julian Wheatland said in the statement: “I am very excited about joining Cornerstone at this important juncture and to help make it a significant business in the provision of cross border payment services for SMEs.
“It’s rare that one gets the chance to step into a company where there’s such a congruence of three key elements to deliver success – excellent technology, a great team and perfect market timing.”
Wheatland brings with him two decades worth of experience, with a track record of financing, establishing and developing technology companies. Most recently, he was the Chief Operating Officer/Chief Financial Officer and, Chief Executive Officer of SCL Group/Cambridge Analytica.
“SMEs are an underserviced segment by the banking sector, but with our proprietary technology we will be able to take advantage of the Open Banking Initiative and provide them with a suite of products and solutions that will reduce costs and increase efficiency. I look forward to Cornerstone capitalising on this opportunity and becoming a premiere cross-border payment services business,” Wheatland added in the statement.