Exclusive: Redeem appoints new CEO

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Former Global Solutions chief exec Paul Adams will replace Claes Svensson in top job at Scottish recycler

Redeem is to appoint former Glory Global Solutions CEO Paul Adams as its new CEO on April 18, Mobile News can exclusively reveal.

Adams will join the mobile recycling firm next month after stepping down from his role at the e-money management firm – which has revenues of over $1 billion, earlier this month. He will replace Claes Svensson, who will remain on the board.

Redeem chairman Trevor Bayley told Mobile News it was Adams’ experience overseeing mergers and acquisitions as it looks to continue its expansion across the UK and Europe, with targets in Germany and France being identified.

“Redeem’s ambition is to become the world’s number one mobile recommerce business. Paul shares that ambition, and has the drive, experience and talent to make it happen.”

“We’re a customer-focused organisation, and Paul will enhance and develop our capabilities, with the goal of continually exceeding our customers’ expectations wherever they operate. We’re also a growing business in a dynamic sector and Paul’s record is ideal for us – he joins from a $1 billion turnover global business where he worked with sizeable cross- border customers and delivered strong returns to shareholders.”

Record year

The new appointment follows a record year for the recycler, who had posted revenues of almost £80 million in its last financial year – a figure that has almost quadrupled in the last four years. It also extended its current deal with O2 by a further three years.

“Operators and other international companies are investing heavily in device recommerce, confirming that this is an innovative and fast-growth sector where there is the opportunity to expand the market.”

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