Payzone removes top executives

SHAREHOLDERS in electronic payments firm Payzone yesterday voted to remove chief executive John Nagle and finance director John Williamson from their positions.

The move follows a boardroom rift at the company, which was formed in 2007 by the merger of Irish firm Alphyra and British cash machine operator Cardpoint.

The EGM to oust Mr Nagle and Mr Williamson follows a botched attempt to dismiss them earlier this year by the company’s board, which is led by Bob Thian.