Ukash’s Chief Executive Office (CEO), David Hunter has relinquished his role and stepped down, following the company’s acquisition by Skrill Group, according to a Ukash statement.
Last week, Skrill completed its acquisition of Ukash, a UK-based electronic money system and payments provider, which capped a deal that had been nearly five months in the making.
Mr. Hunter’s departure from Ukash snaps a five-year stint as CEO, having originally ascended to the role in early 2010. He is slated to take up a number of non-executive positions at a variety of related businesses.
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Prior to joining Ukash in 2010, Mr. Hunter served in a number of executive roles at paysafecard.com, ClickandBuy Europe, and BTClickandBuy, dating back to 2002.
According to David Sear, CEO of Skrill in a recent statement on the departure, “this is an exciting acquisition that will considerably extend our reach in the high-growth prepayment market, enabling us to support consumers and online businesses alike with the world’s largest online cash replacement payment method.”
“I’d like to thank David Hunter, who has been instrumental in the growth of Ukash. As we move towards our combination with Optimal Payments, paysafecard will continue to be a key part of our strategy and of our offering to our customers,” he added.