Wendy Henry Joins Board of Directors of Cass Information Systems, Inc.

Rhea-AI Summary

Cass Information Systems (NASDAQ: CASS) has appointed Wendy Henry to its board of directors. Henry, a retired certified public accountant, brings extensive experience in financial and accounting issues, having previously served as Managing Partner at BKD, LLP in St. Louis. She is recognized for her leadership in managing audits for various organizations. Cass, which disburses over $80 billion annually and has total assets exceeding $2.5 billion, aims to leverage Henry's expertise to enhance its services and governance.

Positive

• Wendy Henry's extensive audit and financial expertise is expected to strengthen board leadership.
• Henry's community involvement may enhance the company's public relations and connections.

Negative

• Henry's retirement from BKD in June 2021 might raise concerns regarding continuity and the depth of experience on the board.

ST. LOUIS--(BUSINESS WIRE)-- Cass Information Systems, Inc. (Nasdaq: CASS), the leading provider of transportation, energy, telecom and waste invoice payment and information services, reported that Wendy Henry has been appointed to its board of directors.

Wendy Henry is a new director at Cass Information. (Photo: Business Wire)

Henry retired from BKD, LLP in June 2021 as Managing Partner of the St. Louis office where she led the firm’s St. Louis metropolitan area practice as well as managing the audits of numerous organizations. She is a retired certified public accountant and a member of the American Institute of Certified Public Accountants.

Henry has also been very active in the St. Louis community, having previously served on the board of directors of United Way of Greater St. Louis, St. Louis Zoo, Mercy Health East Communities, and Regional Business Council.

“Wendy’s experience with complex financial and accounting issues through her audit background, combined with her financial statement expertise and passion for serving non-profit institutions, makes her an ideal fit and welcome addition to our board,” said Eric Brunngraber, Cass chairman and chief executive officer.

About Cass Information Systems

Cass Information Systems, Inc. is a leading provider of integrated information and payment management solutions. Cass enables enterprises to achieve visibility, control and efficiency in their supply chains, communications networks, facilities and other operations. Disbursing over $80 billion annually on behalf of clients, and with total assets in excess of $2.5 billion, Cass is uniquely supported by Cass Commercial Bank. Founded in 1906 and a wholly-owned subsidiary, Cass Commercial Bank provides sophisticated financial exchange services to the parent organization and its clients. Cass is part of the Russell 2000®. More information is available at www.cassinfo.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220126005346/en/

Kenn Entringer at Casey Communications, Inc., (314) 721-2828. kentringer@caseycomm.com

Source: Cass Information Systems, Inc.

FAQ

Who is Wendy Henry and what is her role at Cass Information Systems?

Wendy Henry has been appointed to the board of directors of Cass Information Systems, bringing significant financial and accounting experience.

Why was Wendy Henry appointed to the board of Cass Information Systems?

Her extensive knowledge in complex financial issues and leadership in audits makes her an ideal fit for the board.

What impact might Wendy Henry's appointment have on Cass Information Systems?

Her background in finance may enhance the company's governance and strategic decision-making.