Monday 23rd April, 2012

OB10 (www.ob10.com), has appointed Paul Hewitt as Non-Executive Chairman of the Board. Mr Hewitt brings to OB10 experience in directing and nurturing high-growth, market-leading companies, and knowledge of the payments and banking industries. He currently holds the role of Non-Executive Director for a portfolio of companies, including Kiln, an insurance underwriting group, and The Co-operative Banking Group, where he was previously CFO and then Deputy Group CEO. Mr Hewitt also spent four years with RAC plc as Finance Director, after three years as FD at Redland plc and six years as Finance and Marketing Director of Euromoney Publications plc.

“We are delighted to welcome Paul as Chairman of our board,” said Luke McKeever, CEO. “He is joining OB10 at an exciting point in the company’s development as we look to extend our global leadership position in e-Invoicing and bring our supply chain finance solution to market. His financial and banking expertise, coupled with his experience working with fast-growth technology businesses will help us achieve our goal of becoming the world’s most recommended global trading network.”

Paul Hewitt, Chairman, said, “I am delighted to join OB10 at this key point in our growth. OB10 has consistently led the e-Invoicing market in terms of innovation, international coverage and network activity. I look forward to helping the business grow and bring disruptive new services to market that offer value to both our buyer and supplier customers.”