De La Rue’s finance boss is stepping down from his post to join retail payments business PayPoint, the company announced on Tuesday.
Rob Harding, who has been the banknote printer’s chief financial officer since March 2020, will stay on for up to six months ‘to assist with an orderly transition’.
Harding was brought in shortly after De La Rue launched a three-year turnaround plan to tackle mounting debt arising from coronavirus-related staff absences and supply chain issues.
Leaving: CFO Rob Harding was brought in when De La Rue launched a three-year turnaround
He will become PayPoint’s new chief financial officer, replacing Alan Dale ‘later this summer’, according to a separate statement by the payments firm.
Dale had announced last year that he would be retiring in 2023 after serving as its finance director since November 2020.
Before joining De La Rue, Harding briefly served as interim finance boss for Co-op Insurance and spent six years at insurer Swinton Group in various roles.
PayPoint chairman Giles Kerr said: ‘Rob brings a wealth of experience to the business and is the right candidate to support the continued success of the PayPoint Group and its significant transformation strategy.
‘He is a valuable addition to the Board as we continue our growth plans and integrate the Appreciate Group business.’
De La Rue’s chief executive, Clive Vacher, said: ‘For the past three years, Rob has been a highly valued member of both the Board and the Executive Leadership Team and has been instrumental in the delivery of the Company’s ongoing transformation.
‘On behalf of everyone at De La Rue, I would like to express my thanks to Rob for his contribution and wish him all the very best in his next role.’
Earlier this month, it emerged that De La Rue had been implicated in a corruption investigation into India’s former finance secretary, although it denies all allegations.
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