Wirecard's Matthias resigns as chairman

Wirecard AG Chairman Wulf Matthias, 75, resigned from his position due to personal reasons, the German payments company said on Friday. Thomas Eichelmann, a member of the supervisory board, has been elected to replace him, Wirecard said in a statement.

Matthias, who joined as chairman in 2008, will remain a member of the board, the company added. German daily Handelsblatt reported last year Matthias would not stand for a second term for age reasons.