Transaction Solution International Ltd. announced that long standing Chairman and co-founder Mr. Paul Boyatzis has advised he intends to step down as Chairman at the end of the current financial year (March 30, 2017) due to his significant other business commitments. Mr. Boyatzis has agreed to stay on as a non-executive director in the interim to assist in the Board transition and progression of the company. Mr. Gary Foster has been appointed as incoming Non-Executive Chairman to replace Mr. Boyatzis with effect from the April 1, 2017. With the recently announced appointment of Mr. Jeffrey Lai as CEO, Mr. Foster who has been Managing Director and co-founder since the company's inception, will step down as Managing Director, effective March 31, 2017, to step into the role as Chairman of TSN.