Published : 10 years ago, on 15/07/2014

Skrill Group announced the appointment of David Sear as Group Chief Commercial Officer (CCO). This is a new position created to oversee all commercial operations across the Skrill Group, comprising Skrill, paysafecard and payolution.

Sear joins Skrill Group from Weve, the joint venture between UK mobile network operators, EE, Telefonica UK (O2) and Vodafone UK, where he was Chief Executive. He previously worked in a range of senior management positions with organisations including Travelex, VocaLink and WorldPay.

David Sear

Sear will join Skrill Group in August and will be based at the company’s global headquarters in London.

Siegfried Heimgaertner, CEO, Skrill Group, says, “We are delighted to welcome David Sear to Skrill Group. The payments industry is going through a period of rapid change, creating an opportunity for payment providers to evolve and innovate in order to meet shifting customer needs. I look forward to working with David to reinforce Skrill Group’s position as a provider of intelligent online payment solutions for businesses and individuals.”

David Sear comments, “Skrill Group is very well positioned to benefit from the developing landscape of online payments. I am looking forward to working with the Skrill Group management to deliver growth and value to the organisation, and create new opportunities for businesses and individuals in the ever-evolving payments sector.

Peter Rutland, Senior Managing Director at CVC Capital Partners, concludes, “With the appointment of David Sear, Skrill Group has assembled a top quality team of talented individuals who will help drive continued growth, innovation and ultimately shareholder value.”