MoneyOnMobile Adds Three New Board Members to Enhance Technology Development

MoneyOnMobile, Inc. (OTCQB: MOMT), announced the addition of three board members: Oleg Gordienko, Max Scherbakov, and AG Gangadhar. Each one is expected to play a valuable role in continuing MoneyOnMobile’s focus on market share growth across India as well as continuing to enhance its technology leadership in the mobile payments space. Max and Oleg were added to the board February 7th, 2018, and AG was added April 10th, 2018.

Oleg Gordienko has more than 20 years of experience working in financial markets, which include among others stints at Deutsche Bank AG and Credit Suisse. Currently, Oleg works at the S7 Group, one of the largest non-state aerospace holdings company in Eastern Europe, where he has been an Investment Director since mid 2017.

Max Scherbakov has an extensive background in private equity investments that spans more than two decades. Prior to that Max was an investment banker with Morgan Stanley International. Currently, he serves as Managing Partner and Principal at Aurora Capital Worldwide, a private investment company. Max sits on the board of directors for several companies, most notably the S7 Group.

AG Gangadhar has nearly two decades of experience in leadership roles managing engineering and infrastructure at major technology companies such as Amazon, Google, and Microsoft. Until recently he was Chief Technology Officer for General Motors’ Cruise Automation, helping to engineer self-driving cars at production scale. Additionally, AG spent more than two years as Head of Core Engineering at Uber.

“We are excited to have Oleg, Max, and AG join our board and bring their impressive depth of technology experience to continue the MoneyOnMobile growth story,” said Harold Montgomery, CEO of MoneyOnMobile. “Max and Oleg are expected to leverage their experience with the S7 Group, providing guidance on the implementation of new technological improvements to various operations and payment processes. AG, who brings extensive experience designing and deploying network infrastructure, will provide valuable leadership to our technology team while at the same time helping optimize our retailer platform for performance and security.”

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