Euronet Announces Appointment of Sergi Herrero to Its Board of Directors

Rhea-AI Summary

Euronet (NASDAQ: EEFT), a global leader in financial technology and payments, has appointed Sergi Herrero to its Board of Directors, effective June 4, 2024. This appointment expands the board from nine to ten members. Herrero brings extensive experience in the payment and technology sectors, having served in C-level roles and on the boards of various fintech companies.

Currently, Herrero is the Chairman of the Board at Intix, a fintech specializing in transaction data analytics for banks and securities houses. He also serves on the board of Ezra, a fintech based in the Middle East, and was previously Meta's Global Director of Payments and Commerce. Herrero holds master's degrees in Management from the University of California, Berkeley, and Ramon Llull University in Spain, along with a BS in Electrical Engineering from Ramon Llull University.

Positive

• Appointment of a highly experienced director with extensive C-level experience in payment and technology industries.
• Addition of Sergi Herrero to the board increases its size from nine to ten members, potentially bringing more diverse perspectives.
• Herrero's background in global fintech and payments could support Euronet's business expansion efforts.
• His previous roles, including Global Director of Payments and Commerce at Meta, indicate strong industry knowledge and connections.
• The board appointment aligns with Euronet's commitment to meeting future business needs.

Negative

• No immediate financial impact or revenue boost mentioned as a result of the board appointment.
• The announcement lacks specific strategic initiatives or expected outcomes tied to Herrero’s appointment.

LEAWOOD, Kan., June 11, 2024 (GLOBE NEWSWIRE) -- Euronet (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, today announced the appointment of Sergi Herrero to the Euronet Board of Directors effective June 4, 2024. His appointment increases the size of the board from nine to ten members.

“We are extremely pleased to welcome Sergi to our board,” said Michael J. Brown, Euronet’s Chairman and Chief Executive Officer. “He has extensive C-level experience as an executive officer in the payment and technology industries, which, along with his experience serving the boards of fintech companies in Europe, will support Euronet as we continue to expand our business.”

“With this appointment, Euronet has found an excellent candidate who brings depth and a wealth of experience to our board. This appointment further enhances and supports our commitment to ensure our board reflects the future needs of the business,” said Paul Althasen, Chair of the Nominating and Governance Committee. 

Mr. Herrero is currently the Chairman of the Board at Intix, a transaction data analytics fintech for banks and securities houses. Mr. Herrero also serves on the board of Ezra, a fintech company based in the Middle East. Previously, he was Meta’s Global Director of Payments and Commerce from 2016 to 2019. At Meta, he created a global partnership team to deploy and grow Meta’s payments and commerce platform. Mr. Herrero holds master’s degrees in Management from the University of California, Berkley, and Ramon Llull University, Spain, and a BS in Electrical Engineering from Ramon Llull University, Spain.

About Euronet

Starting in Central Europe in 1994 and growing to a global real-time digital and cash payments network with millions of touchpoints today, Euronet now moves money in all the ways consumers and businesses depend upon. This includes money transfers, credit/debit processing, ATMs, point-of-sale services, branded payments, currency exchange and more. With products and services in more than 200 countries and territories provided through its own brand and branded business segments, Euronet and its financial technologies and networks make participation in the global economy easier, faster and more secure for everyone.

A leading global financial technology solutions and payments provider, Euronet has developed an extensive global payment network that includes 53,029 installed ATMs, approximately 713,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 67 countries; card software solutions; a prepaid processing network of approximately 808,000 POS terminals at approximately 348,000 retailer locations in 63 countries; and a global money transfer network of approximately 583,000 locations serving 198 countries and territories. Euronet serves clients from its corporate headquarters in Leawood, Kansas, USA, and 67 worldwide offices. For more information, please visit the company's website at www.euronetworldwide.com.

FAQ

What impact will Sergi Herrero's appointment to Euronet's Board of Directors have on the company?

Sergi Herrero brings extensive experience in the payments and technology sectors, which could support Euronet's business expansion. However, the immediate financial impact is not specified.

How will Sergi Herrero's experience benefit Euronet (EEFT)?

Herrero's C-level roles and board memberships in fintech companies provide deep industry knowledge and connections, potentially aiding Euronet’s strategic growth and expansion in the fintech sector.

What roles has Sergi Herrero held prior to joining Euronet's Board?

Herrero is currently Chairman of the Board at Intix and serves on the board of Ezra. He was previously Meta's Global Director of Payments and Commerce.

When did Sergi Herrero join the Euronet Board of Directors?

Sergi Herrero joined the Euronet Board of Directors effective June 4, 2024.

What are Sergi Herrero's academic qualifications?

Herrero holds master’s degrees in Management from the University of California, Berkeley, and Ramon Llull University in Spain, and a BS in Electrical Engineering from Ramon Llull University.