Governance and Organisational Changes: Highlights and Objectives
The Board of Directors met on 22nd December, 2021 under the chairmanship of Mr. Horan to approve the new Governance and Organisation of HPS Group. The aim of this change is to support the Group’s strategic initiatives and accelerate its growth, in particular to:
- Place innovation at the heart of the Company through the creation of a “SOFTWARE FACTORY” Unit in charge of PowerCARD Solution, independent from integration and processing activities;
- Simplify sales organisation around payment to support sales activities and the implementation of the entire offering through a “MARKET” Unit organised around different regional departments, increasing proximity to clients;
- Integrate recent acquisitions under a single “PAYMENT SERVICES” Unit to boost and accelerate synergies;
- Support external growth strategy;
- Strengthen development of Human Capital; Improve governance and global outreach;
- Consolidate CSR strategy at Group level.
The New Governance Presentation
Since its creation in 1995, the Company combined Chairman and CEO roles. The Board decided to split these roles to:
- Ensure business continuity at all levels;
- Strengthen the Chairman’s role;
- Meet expectations of clients and investors.
Decisions:
- Separate Chairman and CEO roles;
- Appoint Mr. Mohamed Horani as Chairman;
- Appoint Mr. Abdesslam Alaoui Smaili as CEO.
Creation of a Strategy and ESG committee, chaired by Mohamed Horani.
The New Organisation Presentation
Effective January 1st, 2022, this organisation aims to:
- Align strategic initiatives;
- Strengthen management capabilities; Improve proximity with customers and markets;
- Maintain agility and innovation.
1. MARKET
Sales, implementation, and customer support via Delivery Centers (Morocco, Dubai, France, South Africa, Singapore, Greece, Mauritius).
2. PAYMENT SERVICES
Processing platforms and payment-related activities:
- Dispute management & settlement
- Fraud & ATM supervision
- Cash forecasting
- Infrastructure supervision
3. SOFTWARE FACTORY
- Development of PowerCARD products
- Maintenance and adaptation to technological changes and international standards (Amex, Discover, JCB, Mastercard, UnionPay, Visa)
4. SWITCHING
- Interoperability of card and mobile payment systems
- Management of the national switch in Morocco
- Standardisation of exchanges and support of electronic payments
5. TESTING
- Software testing and qualification
- Engineering services for digital transformation
- Agile methodologies support
6. CORPORATE SERVICES
- Support functions:
- Finance
- HR
- Investor Relations
- IT & Security
- Communication
- Legal, Risk & Audit
- Quality Management
- Addition of ESG functions
Departures
The Board noted the departure of:
- Christian Courtes
- Samir Khalilouki
- Philippe Vigand
Highlights:
- Christian Courtes: major contribution to Services activity
- Samir Khalilouki: key role in Processing activity (>25% of revenues)
- Philippe Vigand: development of Solutions activity