It was announced Monday that Dale Johnson has retired as executive director of NETeller Plc. and will become a non-executive director.
"The board wishes to thank Dale for his significant contribution as both an executive director of the company and most recently as president of the NETeller Group's Asian Pacific operations," said NETeller in a press release.
Johnson and the regional team had extended NETeller's products and services in Asia. The result was that the company's business in Asia has become consistently profitable.
NETeller is also now firmly established as one of the largest independent e-money transfer providers in the region.
In the absence of Johnson, Joyce Wong, Asia Pacific operations president and general manager, will continue to manage operations for the region on a day-to-day basis.
Johnson may still have a hand in the direction the company takes as he will continue to assist NETeller in a consultancy role on strategic planning initiatives currently progressing at the company.
Asia is the fastest growing region for NETeller's business, and along with its already established business in Japan, China and Australia, it is examining possible markets in Taiwan and the Philippines.
The company's future growth in the region may be imperative since it's had to drop online gambling transactions from customers in the United States, Canada and Turkey in the last few months.