This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Planet Payment Appoints Carl J. Williams As Chief Executive Officer

LONG BEACH, N.Y., Feb. 19, 2014 (GLOBE NEWSWIRE) -- Planet Payment, Inc. (Nasdaq:PLPM) (LSE:PPT), a leading provider of international payment and transaction processing and multi-currency processing services today announced the appointment of Carl J. Williams as Chief Executive Officer, effective February 19, 2014.

Carl Williams, a member of the Board of Directors and the Company's President since November of 2013, has been asked by the Board to also serve as CEO. Williams succeeds Philip Beck, who will continue as Chairman of the Board.

Cameron McColl, a Planet Payment Director said, "Under Philip's leadership, the Company has built a leading payment and transaction processing platform, operating in 22 countries. We greatly appreciate his efforts and dedication for the last 15 years and look forward to his continuing guidance. We are excited that Carl is taking on the CEO role and believe that he will help us execute our strategic plans and take the Company into the next phase of its growth."

"Although I have only been a part of the Planet Payment management team for a few months, I have grown even more impressed by the talent and passion our team members possess," said Carl Williams, Chief Executive Officer and President of Planet Payment. "I look forward to working with our team members and the Board to plot a course for long-term growth and prosperity."

In accordance with the terms of the Long-Term Incentive Restricted Stock Agreement entered into in 2011, 320,250 shares issued to Mr. Beck pursuant to that Agreement were automatically cancelled on February 19, 2014. Following the cancellation Mr. Beck is interested in a total of 2,156,822 shares of Common Stock representing approximately 3.5% of the issued and outstanding shares of Common Stock (including the outstanding shares of Series A Preferred Stock on an as converted to Common Stock basis).

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs