Form3 Announces Management Changes

Payment technology provider Form3 has revealed a series of planned management changes. Co-founder and Chief Product Officer Mike Walters will take over as CEO.

The current CEO, Michael Mueller, will transition into the role of Executive Chair, where he will continue to have certain executive responsibilities, including the maintenance of key customer relationships.

Eimear O’Connor, Form3’s Chief Operating Officer and early employee, will succeed Walters as Chief Product Officer.

Mueller commented on the changes, stating it is the right time for Form3 to open the next chapter and implement the management changes they’ve been planning for some time. As Chairman, Mueller will focus on adjusting the governance of the business to meet the requirements and challenges of the next stage of evolution. This includes significant responsibility for payment processing at scale in all key markets.

Form3, established in 2016, develops cloud-based payment infrastructure. Their technology is utilized by some of the largest financial institutions globally, including Goldman Sachs, Lloyds, and Nationwide, which are also investors in Form3.

The latest management reshuffle follows the recent appointment of former NatWest executive Matt Tuck as Chief Commercial Officer. This appointment came shortly after a strategic investment from payment giant Visa, the amount of which remains undisclosed.