Wise Announces Changes to Board and Committee Composition

Fazzaco learned that Wise, an innovative international money transfer provider, has announced updates on the structure of its board and change of Company Secretary.

According to the announcement, Taavet Hinrikus will step down as Chair and Director of the company, and David Wells, currently the Senior Independent Director, will become Independent Non-Executive Chair with immediate effect.

In addition, Wise has appointed Terri Duhon as an Independent Non-Executive Director, with effect from 1 January 2022. She currently holds non-executive board positions at Morgan Stanley and at Rathbones Group PLC and was previously on the board of CHAPS.

Wise also announces the appointment of Jane Fahey as Company Secretary, with effect from 1 January 2022. Currently Deputy Company Secretary, Jane will replace Dean Nash, Company Secretary and General Counsel, in this position.  

“Wise has benefited greatly from Taavet's leadership and I'm excited to see what he does next,”Kristo Käärmann, Co-founder and Chief Executive Officer of Wise said.”I'm also delighted to welcome David into his new role as Chairman, and Terri to the Board. “

“David has a wealth of experience operating and scaling disruptive companies, and I look forward to working with him even more closely as we enter a new phase of growth at Wise. Likewise, Terri has a deep understanding of the financial industry and a track record in pioneering new products in global markets. Her experience will be an invaluable asset for the Board, “Kristo added.

Earlier this month, Wise has announced its 2022 North American expansion plan​. The company will hire more than 150 people across its three U.S.-based locations - Austin, New York City and Tampa - in 2022.