Worldpay is looking to its own ranks to replace its outgoing Managing Director Dave Hobday, who recently relinquished his role with the company – Ruth Prior will be promoted as the group’s Chief Operating Officer (COO), according to a company report.
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Ms. Prior presently serves as the Deputy Chief Financial Officer (CFO) at Worldpay. Her ascension to the role of the newly created role of COO at Worldpay represents a new direction for the group as it looks to fill a void. In this capacity she will help oversee key elements of operational finance, risk and compliance, as well as strategic supplier management.
Ruth Prior, currently Deputy Chief Financial Officer at Worldpay, will become Chief Operating Officer. In this newly created role, Ruth will oversee key elements of operational finance, risk and compliance, as well as strategic supplier management.
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Mr. Hobday will officially part ways with the Worldpay only after a transition and handover period has been made, which the group is targeting for in the New Year. Mr. Hobday will be taking up a role of chief executive of a private equity owned business.
According to Philip Jansen, CEO of Worldpay Group, in a recent statement on the transition: “The new appointments will diversify and strengthen our capabilities, and I would like to congratulate Ruth on her enlarged role. They demonstrate our managed approach towards achieving both evolution and continuity in our leadership team.”
“Dave has been with the company for over three years and has led the transformation of our UK business, returning it to growth and bringing innovative products to customers’ businesses. He leaves the business in a strong position, and we wish him every success in his new role,” he added.