Deluxe Names Tracey Engelhardt Chief of Operations

Rhea-AI Summary

Deluxe Corporation (NYSE: DLX) announced that Tracey Engelhardt, President of Checks, has become Chief of Operations, in addition to her current role. Engelhardt brings nearly 30 years of industry experience and is the first woman to hold this position in the company's 107-year history. CEO Barry McCarthy emphasized that her leadership will enhance operational efficiencies and support growth in payments and data services. Deluxe has been recognized for its commitment to gender diversity in leadership, marking 14 years of recognition in Minnesota.

Positive

• Tracey Engelhardt appointed Chief of Operations, enhancing leadership structure.
• Engelhardt's nearly 30 years of experience provides valuable industry knowledge.
• Recognition for gender diversity reflects positively on company culture.

Negative

• None.

Long-time executive will also remain President of Checks

MINNEAPOLIS--(BUSINESS WIRE)-- Deluxe (NYSE: DLX), a Trusted Payments and Business Technology™ company, announced that Tracey Engelhardt, President of Checks, has taken on additional responsibilities as Chief of Operations.

Engelhardt has been with Deluxe for nearly 30 years, overseeing the company’s strong position in checking programs for banks, businesses, and consumers. Her extensive knowledge of the industry, as well as deep understanding of the operations and manufacturing process within Deluxe, makes this addition to her portfolio a natural move for the company. Engelhardt, who has been a member of the Deluxe executive team for more than 10 years, is the first woman to run operations for Deluxe in its 107-year history. She will also continue as President of the Checks division.

“Our transformation to becoming a payments and data company is clear,” said Barry McCarthy, President and Chief Executive Officer of Deluxe. “As I have said many times, our growth in these areas is supported by our exceptional Check and Promotional Solutions divisions. Having a leader of Tracey’s caliber become Chief of Operations will help us realize greater efficiencies while continuing to win market share.”

Scott Bomar, Chief Financial Officer for Deluxe added: “Her background and experience in checks is unmatched in the industry and her steady leadership and guidance will help Deluxe continue our record of sales-driven growth while supporting our extensive customer base.”

Deluxe was recently recognized by the University of St. Catherine’s in St. Paul, Minnesota, for its ongoing commitment to gender diversity among its executive leadership team and board of directors. The Minnesota Census of Women in Corporate Leadership report, published by Twin Cities Business, recognizes companies that have significant gender diversity in its leadership positions. In fact, Deluxe is one of the only companies in Minnesota to be recognized for its leadership in this area all 14 years of the survey. Deluxe Chair of the Board of Directors, Cheryl Mayberry McKissack, is also one of only a handful of Black, female board chairs of Fortune 1000 companies.

About Deluxe Corporation

Deluxe, a Trusted Payments and Business Technology™ company, champions business so communities thrive. Our solutions help businesses pay and get paid, accelerate growth and operate more efficiently. For more than 100 years, Deluxe customers have relied on our solutions and platforms at all stages of their lifecycle, from start-up to maturity. Our powerful scale supports millions of small businesses, thousands of vital financial institutions and hundreds of the world’s largest consumer brands, while processing approximately $3 trillion in annual payment volume. Our reach, scale and distribution channels position Deluxe to be our customers’ most trusted business partner. To learn how we can help your business, visit us at www.deluxe.com, www.facebook.com/deluxecorp, www.linkedin.com/company/deluxe, or www.twitter.com/deluxe.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220523005254/en/

Tom Morabito, VP, Investor Relations

470-607-5567

tom.morabito@deluxe.com

Cam Potts, VP, Communications

651-233-7735

cameron.potts@deluxe.com

Source: Deluxe Corporation

FAQ

Who is Tracey Engelhardt in relation to Deluxe (DLX)?

Tracey Engelhardt is the newly appointed Chief of Operations and continues as President of Checks at Deluxe Corporation.

What is the significance of Engelhardt's appointment as Chief of Operations for Deluxe (DLX)?

Her appointment signifies a commitment to operational efficiency and leadership diversity, being the first woman in this role in the company's history.

How long has Tracey Engelhardt worked at Deluxe (DLX)?

Tracey Engelhardt has been with Deluxe for nearly 30 years.

What recognition has Deluxe (DLX) received for its executive leadership?

Deluxe has been recognized for its commitment to gender diversity in leadership for 14 consecutive years in Minnesota.