Payment solutions provider SafeCharge has re-appointed Tsach Einav as group chief financial officer to replace Tim Mickley who will be leaving the company later this year.

Einav is to take up his new role on Friday September 1st, the same day Mickley is set to step down, and joins the SafeCharge board of directors with immediate effect.

He has worked for the company since 2006, originally joining as CFO, and is described as having played a key role in the company's corporate development, as well as overseeing its admission to London's Alternative Investment Market in April 2014.

Einav currently serves as general manager off SafeCharge Group's Israel-based subsidiary.

"I am delighted that Tsach is joining the SafeCharge board at this important time in the company's development," SafeCharge chairman Roger Withers said. "He has considerable experience within SafeCharge's business, strong financial expertise and has been integral to the group's successful operations over many years.

"He has worked closely with Tim during this time and therefore we are confident of a smooth transition."

Mickley is leaving the company to pursue "new entrepreneurial opportunities".

"On behalf of the goard, I would like to thank Tim for his important contribution to SafeCharge and for supporting the company through its first three years as a public company; a period in which we have seen the company develop significantly and revenues treble," Withers said. "We wish him well in his future."

Shares in SafeCharge International Group Limited (Co.Data) (AIM:SCH) were trading down 1.29 per cent at 261.58 pence per share earlier Friday.

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