Newly formed payments organisation Australian Payments Plus (AP+) has appointed Lynn Kraus as its inaugural CEO.
AP+ was formed following the successful amalgamation of BPAY, eftpos, and NPPA, and Kraus said she is thrilled to be joining the team.
“I believe there is a unique opportunity to create an organisation that better serves the needs of Australian payments users today, and well into the future. Bringing together three fantastic businesses under one roof, to respond to the impacts of regulatory and technological change will deliver more efficient and co-ordinated payments solutions for Australian consumers and businesses.”
Kraus is currently working as a Transaction Strategy and Execution Partner at EY Oceania and brings to the table over 25 years of experience in finance and consulting having previously worked at Westpac and Wachovia.
Catherine Brenner, Chair of AP+, said Kraus is a fantastic leader with an exemplary track record in strategic thinking and execution.
“The AP+ Board and I know that she is the right person to lead AP+ and work with the team of payments professionals to create a more competitive player in the Australian payments space.
“Lynn is also an expert in stakeholder management and business transformation, and I know one of her first priorities will be to continue the seamless integration of eftpos, BPAY and NPPA under AP+, when the official completion date is reached in mid-February.”
Until that date, the interim CEO will be Adrian Lovney, who will then move to permanent COO when Kraus starts.
Announced as Independent Directors to the AP+ Board were Greg Cooper, Naomi Simson, and John Murphy.