News

Board Changes

29 March 2007

Cashbox PLC (AIM: CBOX), the AIM listed independent ATM deployer and operator, is pleased to announce that it has strengthened its Board of Directors with the appointment of David Auger as Chief Financial Officer with effect from Monday 2 April 2007. David will also become Company Secretary.  

David Auger is a chartered accountant, previously with PricewaterhouseCoopers, and has extensive public company experience through a number of senior group finance positions, including ICI, Invensys and more recently CP Ships, a US$4 billion turnover company previously listed in Canada, where he held the position of Group Financial Controller. David has been working with Cashbox since February 2007.  

Darren Woolsgrove, the current CFO is moving to a more operational role while the search for a new Chief Executive is undertaken. Darren indicated a desire to ultimately seek a new challenge after the successful flotation of Cashbox and is seeing through his commitments made at that time last year and will be stepping down as a Director once the CEO search is completed.  

Anthony Sharp, Executive Chairman of Cashbox, commented:  

'We are delighted to have been able to appoint somebody of David's calibre as CFO. The expertise he brings with him from high profile organisations such as PricewaterhouseCoopers and ICI will be of great benefit to Cashbox as we grow towards profitability and beyond.'  

David Auger, stated:  

'Cashbox is clearly at an exciting stage of its development and I look forward to contributing to its future success.'  

David Auger, aged 39, is currently a director of Seven One Films Limited and Owain Glyndwr Limited, and within the last five years was a director of Seven One Development Slate Limited, CP Ships Number 1 Limited, CP Ships (Bermuda) Limited, CP Ships Holdings (Bermuda) Limited and Container Equipment Leasing Limited.

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