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Paysafecard CEO and co-founder Mueller steps down

3rd March 2014 9:11 am GMT

Michael Mueller has stepped down as co-founder and chief executive of Austrian payment processor paysafecard group after nine years in the role.

Mueller, who co-founded the business in 2000, stepped down on Friday (February 28th), and has been succeeded by Udo Mueller, who joined the company in 2001 and also sits on the company's management board alongside chief financial officer Bernd Egger.

Commenting on his departure, Mueller said it had not been an easy decision [...]

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