Departing Smartpay chair Hammerschlag keeps shares, options

Wed, 02 Dec 2015

By Sophie Boot Dec. 2 (BusinessDesk) - Ivan Hammerschlag, who stood down as chairman of Smartpay yesterday, will keep his shareholding in the listed payment terminal supplier and his entitlement to stock options that would more than double his stake. The company announced yesterday that Hammerschlag, appointed in 2012 for his experience in retailing and network of Australian investors, would step down immediately and be replaced by board member Greg Barclay. "It was really a question of what was best timing for the company," Barclay to...

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