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The operator of the largest cash machine network in Britain has appointed a new chairman. Tom Ilube, the former head of the Rugby Football Union (RFU), will assume the role at LINK. His announcement is slated for Monday.

Background on Tom Ilube

Tom Ilube recently stepped down from his position as the chair of the RFU in 2024. In addition to his new role at LINK, he serves as a non-executive director at WPP, a prominent marketing services company. He also has experience on the board of the BBC.

LINK Network Overview

The LINK network is integral to the UK’s financial landscape. Currently, it connects over 40,000 ATMs across Britain. However, this number has faced a decline in recent years due to shifting payment trends.

Importance of Cash Access

Mr. Ilube emphasized the importance of cash access for individuals and businesses. In a statement, he expressed his commitment to ensuring that no one is left behind as payment methods evolve. He acknowledged LINK’s critical role in maintaining this access amidst a transforming financial environment.

Leadership Transition

Ilube will take over from Sir Mark Boleat, who held the chairmanship for nine years. The leadership change at LINK comes at a time when the relevance of cash continues to be a topic of debate in Britain.

As the new chairman, Ilube’s leadership will be pivotal in navigating LINK through current economic challenges and evolving consumer behaviors.