eftpos Board of Directors

CHAIRMAN

Leigh Clapham

A highly experienced board director, Leigh joined the eftpos Board in June 2018. He currently also serves as non-executive chairman of Hong Kong based Optal Asia Limited. Leigh previously held non-executive director positions with Optal Limited - an unlisted public company specialising in B2B payments, ASX listed David Jones and with NFP Cure Cancer Australia, and also served as EVP and GM for Mastercard in Australia, New Zealand and Europe.

eftpos CEO AND MANAGING DIRECTOR

Stephen Benton

Stephen sits on both the eftpos Management Team and the Board. He moved into his current role of CEO in May 2018 after five years serving on the eftpos Board as a non-executive Director. Stephen is responsible for the leadership, development and management of the Company’s business activities in line with the Board-approved strategic plan.

NON-EXECUTIVE DIRECTOR

James Fowle

James Fowle joined the eftpos board in 2020 and is the Executive General Manager of Everyday Business Banking at the Commonwealth Bank of Australia, responsible for supporting the full spectrum of business customers’ transactional banking product needs from startup businesses to institutional customers.

James’ career spans 20 years in various product, transactional banking and pricing roles in Australia and South Africa.

NON-EXECUTIVE DIRECTOR

Allan Goldring

Allan Goldring joined the eftpos Board in June 2019, and is Head of Acquiring and HICAPS at National Australia Bank – accountable for the end to end Merchant Acquiring business across Australia.

During a career spanning over 20 years, Allan has gained experience working across the broader cards and payments industry, from design and implementation of credit cards and acquiring solutions, to full accountability for the operating and compliance risk agenda for one of Australian’s largest card issuing and acquiring portfolios. He has also had the opportunity to work in a number of regions, including the South Pacific and South East Asia.

NON-EXECUTIVE DIRECTOR

Shane Harris

Shane joined the Board in August 2017 – and since 2014, he has held the role of Head of Payments at Coles, responsible for the payment strategy, products and services provided to all Coles Group retailers and other third party retailers within the Wesfarmers group.

Shane has evolved his extensive payments experience over two decades and held various business roles across schemes, issuing, acquiring and retail businesses.

NON-EXECUTIVE DIRECTOR

Dave Hemingway

Dave Hemingway joined the eftpos Board in August 2020, and is also the Chief Commercial Officer at Indue, where he has been a member of the executive team for over four years. Dave’s responsibilities include Sales, Product, Marketing and Industry engagement.

Dave has over 12 years’ experience in banking and financial services related roles across Australia and Asia in various technical, product and executive roles for both small and large organisations.

NON-EXECUTIVE DIRECTOR

Kees Kwakernaak

Kees Kwakernaak joined the eftpos Board in July 2017 and is Managing Director at Fiserv Australia, New Zealand & the Pacific Islands. He has over 25 years of management and leadership experience in the corporate payments industry across the Asia Pacific region.

Kees is also a Director of Australian Payments Network Ltd, First Data Merchant Solutions Australia Pty Ltd, First Data Network Australia Limited, Electronic Banking Solutions Limited, First Data Corporation Australia (Holdings) Pty Limited, First Data Resources Australia Limited, First Data Resources Investments Pty Limited, F.T.S. (NSW) Pty Limited , PaySys International Pty Limited and Fat Zebra Pty Ltd.

INDEPENDENT DIRECTOR

Katherine Ostin

Katherine was appointed to the eftpos Board as an Independent Director in November 2018, bringing extensive experience in audit, assurance, finance, risk, governance, strategy and business development. Until December 2017, Katherine was a senior Partner in Audit Assurance & Risk Consulting with KPMG holding various leadership roles over her 12.5 years as a Partner.

In her 24 years with KPMG, Katherine has worked across a broad number of sectors, including financial services and technology in Australia, Asia, the US and the UK. She is a Chartered Accountant, Graduate of the Australian Institute of Company Directors and Fellow of FINSIA. She currently serves as a Non-Executive Director of Swift Media Ltd (ASX: SW1), Capral Ltd (ASX: CAA), dusk Group Limited (ASX: DSK), and Alex Corporation Ltd and Alex Pty Limited. She is also the Audit Committee Chair and/or Audit & Risk Committee Chair of the respective organisations. Katherine has also served as a Non-Executive Director on a number of not-for-profit organisations.

NON-EXECUTIVE DIRECTOR

Vinay Rao

As the Head of Payments for Woolworths Ltd Australia, Vinay is responsible for the payments strategy, payment services, operational and compliance functions for the Woolworths group.

With 20 years of experience in the financial services industry, Vinay has held a number of senior roles across payments, technology, digital business and enterprise delivery. Prior to joining Woolworths, Vinay held various positions at ING Direct, CBA and Wesfarmers.

NON-EXECUTIVE DIRECTOR

Mandy Rutherford

Mandy is a senior financial sector executive with international experience across Asia, Australia, New Zealand, UK and the Pacific. She is currently the Managing Director of Everyday Banking at Westpac Banking Corporation, where she is accountable for the Consumer transactions, savings and investments portfolio and customer experience. Prior to joining Westpac, Mandy was the General Manager of Wealth Separation and Transition at ANZ. Mandy has extensive senior leadership experience across small, medium and large businesses, including Chief Financial Officer of a publicly listed company, as well as other senior business and finance leadership roles. Throughout her career, Mandy has also received various awards, including The Asset, Asia’s Best CFO and CFO of the Year, Financial Institutions.

NON-EXECUTIVE DIRECTOR

Sarah Stubbings

Sarah Stubbings joined the eftpos Board in November 2017, bringing with her more than 20 years’ experience in the financial services sector, including 20 years with ANZ. Sarah is currently Portfolio Lead, Responsible Banking at ANZ and has worked in a number of other roles across Retail Banking at ANZ.

Sarah is a Chartered Accountant, a Graduate of the Australian Institute of Company Directors and completed the 2017 Williamson Community Leadership Program.

INDEPENDENT DIRECTOR

Alex Twigg

The Co-Founder of Judo Bank Limited, Alex has more than 25 years of banking and technology experience and has been recognised as one of Asia's top 100 Fintech leaders.

Alex joined the eftpos board as an Independent Director in March 2018 and is also a member of the Advisory Board for Douugh.com.au, Appeggio.com Holdings Pty Ltd and Alex Corporation Ltd. Previously, Alex was UBank CEO and Group General Manager of Services at Woolworths.

View the Board Charter

Board Committees

To help it carry out its responsibilities, the Board has established the following Committees and adopted terms of reference setting out the matters relevant to the composition, responsibilities and administration of these Committees.

The Finance & Financial Audit Committee (F&FAC)

Members of the Finance & Financial Audit Committee are:

  • Katherine Ostin (Committee Chair);
  • Mr Leigh Clapham;
  • Mr Kees Kwakernaak;
  • and Dave Hemingway.

The F&FAC Terms of Reference is located here.

Risk & Internal Audit Committee (R&IAC)

Members of the Risk & Internal Audit Committee are:

  • Katherine Ostin (Committee Chair);
  • Mr Leigh Clapham;
  • Mr Shane Harris;
  • and Mr Allan Goldring.

The R&IAC Terms of Reference is located here.

Remuneration & Nominations Committee (R&NC)

Members of the Remuneration & Nominations Committee are:

  • Mr Alex Twigg (Committee Chairman);
  • Mr James Fowle;
  • Mr Leigh Clapham;
  • and Ms Sarah Stubbings.

The R&NC Terms of Reference is located here.

Rebate & Pricing Committee

The purpose of the Rebate & Pricing Committee (RPC) is to provide oversight of and scrutiny of the principles, objectives and processes used by the Company for pricing (including fees, interchange and rebates), together with the financial impacts. The members of the Rebate & Pricing Committee are Independent Directors and the Managing Director.