Cornerstone FS plc, the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, announces that it has appointed payments expert John Burns as an Independent Non-Executive Director, with effect from 1 December 2022.

John has over 40 years’ experience in the payments industry. In particular, he has undertaken substantial work regarding the introduction of the European Union’s Payment Services Directive in 2007, including being involved in negotiations as a member of the European Payments Council Experts Group and the Commission's Payment Systems Market Experts Group and supporting its implementation into UK law after having joined the Financial Services Authority (now FCA) in June 2008.

Other experience includes eight years at the Association for Payment Clearing Services and various positions with Clydesdale Bank Plc and Lloyds Banking Group.

Cornerstone also announces the appointment of Simon Charles Bullock as an Independent Non-Executive Director effective 10 October 2022. He brings over 30 years’ experience in CFO and other finance roles in public and private companies operating in the UK and internationally, including at Caxton FX Limited, a provider of foreign exchange, international payments and prepaid cards, and blue-chip companies Mars and General Electric.