Paysafe, a leading global payments provider, today announced the appointment of Stuart C. Harvey, Jr. as non-executive Chairman of its Board of Directors. The appointment takes immediate effect.
Harvey has a proven track record of driving growth in multiple global companies over a 30+ year career with demonstrated expertise in the capital markets, payments and financial technology industries.
Commenting on the appointment, Paysafe’s Chief Executive Officer, Joel Leonoff, said: “We are delighted to welcome someone of Stuart’s calibre to our Board. We have bold ambitions at Paysafe and selected Stuart because of the highly relevant skills and experience he brings as we continue to redefine global payments for our diverse range of clients across the globe.”
Paysafe Chairman, Stuart Harvey, added: “This is an exciting time to be joining the Paysafe Board. Paysafe benefits from unique payments and ecommerce offerings which position it well for future growth in the financial services industry and the payments space particularly. There is enormous potential for all Paysafe’s core competencies including payment processing, digital wallets and prepaid solutions. I look forward to leading the Board at this momentous time.”
Harvey most recently served as the President and Chief Operating Officer of Piper Jaffray Companies (NYSE:PJC), an investment bank and asset management firm. Prior to that, he was Chairman, CEO and President of Ceridian Corporation, a provider of human capital management services. In that capacity, he directed the operational split and ultimate sale of Ceridian’s payments division, Comdata, Inc. In the years preceding Ceridian, Harvey built Elavon Global Acquiring Solutions, a global payments processor and subsidiary of US Bancorp, initially by leading the global acquisition strategy and ultimately served as Elavon’s CEO.
Paysafe, previously a FTSE 250 company, was acquired by private equity firms Blackstone and CVC Partners in December last year. Its newly formed Board of Directors consists of eight members: six non-executive directors and two executive directors. Full Details of Paysafe’s Board of Directors can be found here.