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Wise plc announced updates to its Board committee structure on 18 September 2023. Elizabeth G. Chambers will succeed Clare Gilmartin as Chair of the Remuneration Committee with immediate effect. Concurrently, Clare Gilmartin will leave the Remuneration Committee and be appointed as a member of the Nomination Committee, also effective immediately.
| Date | 18 Sept 2023 |
| Time | 09:00:01 |
| Category | Board changes |
| ID | 6597M |
18 September 2023
Board Committee Updates
Wise plc ("Wise"), the global technology company building a better way to move and manage the world's money, today announces updates on the structure of its Board committees.
Elizabeth G. Chambers, currently Independent Non-Executive Director, will succeed Clare Gilmartin as Chair of the Remuneration Committee with immediate effect. Elizabeth has been a director on the Wise Board and a member of the Remuneration Committee since April 2023.
Clare will leave the Remuneration Committee and will be appointed as a member of the Nomination Committee, both with immediate effect. Clare has been a director on the Wise Board since June 2021 and was appointed as Senior Independent Director in April 2023.
About Wise
Wise is a global technology company, building the best way to move and manage the world's money.
With Wise Account and Wise Business, people and businesses can hold over 40 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new network for the world's money. Co-founded by Kristo Käärmann and Taavet Hinrikus, Wise launched in 2011 under its original name TransferWise. It is one of the world's fastest growing, profitable tech companies and is listed on the London Stock Exchange under the ticker, WISE.
16 million people and businesses use Wise. In fiscal year 2023, Wise processed approximately £105 billion in cross-border transactions, saving customers around £1.5 billion.