Former Friends Reunited CEO completes his Quidco management team

Press Release : February 17, 2010
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The UKs leading cashback website, Quidco has appointed Andreas Andreou to the role of Sales Director, completing its senior management team.

Andreou has many years experience in digital sales and joins Quidco from digital marketing firm TradeDoubler, where he was International Publisher Director. In that role he led the Publisher Services department, which operated across 18 markets, and oversaw a network of 130,000 active publishers.

Andreou will be responsible for managing Quidcos commercial and operational relationships with networks and media agencies. He will work alongside Pete Wakim, who will focus on new business opportunities in his role as Business Development Director.

The senior management team at Quidco now comprises:
Executive Chairman, Michael Murphy: successful entrepreneur and former CEO of Friends Reunited, who bought into Quidco in April 2009 to grow the business
Marketing Director, Tim Ward: joined from Friends Reunited where he was part of the Management Buy-in team that sold the social networking site to ITV
Finance Director, Mark Rubin: formerly Group Financial Controller at the Financial Times, where he held several senior positions during a 14 year career
IT Director, John Pervanas: joined from Key Criteria Ltd, where he produced software solutions for leading telecommunication firms including Motorola and Nokia
Business Development Director, Pete Wakim: has been with Quidco since 2007, and previously worked as Sales & Recruitment Manager for the Freedom Travel Group.

Michael Murphy, Executive Chairman, says:

Im delighted to welcome Andreas to Quidco, where his experience will help to enhance the service we offer to both retailers and members. My first few months at Quidco have been all about getting the right people in place, to take what was already a successful business to the next level. Now that the management team is complete, were moving full steam ahead to turn cashback into the way that millions of people shop every day, and to generate £1 billion revenue for retailers this year.

Andreas Andreou, Sales Director, says:
Quidco is the market leader in the cashback field and has ambitious plans, so Im excited to be joining the team. Im looking forward to working with them to turn Quidco into a household name, and working with our retail partners to bring our members the very best deals around.

END

Notes to editors

Quidco is the easy way for people to save money on every purchase. It pays cashback when people click through and make a purchase at any of the 1,800+ retailers listed on its website. It does this by paying all the commission it gets from the retailer, directly into their bank account.

Quidco was founded in 2005 with a mission to help people save money. It is the UKs leading cashback website and is bigger than its top 10 competitors combined (Source: Hitwise Jan 2010). Unlike some other cashback websites, Quidco gives members 100% of the commission that it earns. The site is free to join and currently has 754,138 members who will save a total of £35m this year.

Notes to editors

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