Cornerstone FS plc announced that Elliott Mannis, Non-Executive Chairman, has informed the Company that, for personal reasons, he intends to step down from the Board with effect from August 31, 2022. Additionally, Stephen Flynn, an Executive Director and Chief Technology Officer, is resigning from Cornerstone Payment Solutions Ltd. and is not seeking re-election as a Director of the Company. Gareth Edwards, Non-Executive Director, will assume the role of Chairman of the Board following Elliott's departure.

As previously announced, the Company is currently seeking to appoint an Independent Non-Executive Director to the Board who will also serve as Chairman of the Audit Committee. Bill Newton, Executive Director, will assume the duties of Chief Technology Officer alongside his current role of Chief Information Officer.