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EVERTEC Announces Appointment of Executive Vice President of Corporate Development
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
EVERTEC (NYSE: EVTC) has appointed Alberto López Gaffney as Executive Vice President of Corporate Development, effective March 20. With over 25 years of experience, López Gaffney has a strong background in financial management and mergers & acquisitions, particularly in Latin America. He previously served as CFO of Despegar.com and held senior roles at ITAU BBA and Morgan Stanley. His appointment aims to enhance Evertec's growth strategies. The company is a leading transaction processing business in Puerto Rico and Latin America, managing over six billion transactions annually and offering comprehensive banking and payment services.
Positive
Alberto López Gaffney's extensive experience in financial management and M&A is expected to strengthen Evertec's leadership.
His appointment aligns with Evertec's growth strategy as it seeks to enhance corporate development efforts.
Negative
None.
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--
EVERTEC, Inc. (NYSE: EVTC) (“Evertec” or the “Company”) today announced the appointment of Alberto López Gaffney as Executive Vice President of Corporate Development, effective on March 20th. Mr. Lopez Gaffney will lead the Company’s global corporate development efforts.
Mac Schuessler, President, and Chief Executive Officer stated, “I am excited to welcome Alberto to Evertec. He brings over 25 years of financial and deal experience and is very knowledgeable in Latin America, having led multiple M&A transactions, and has been an integral part in managing numerous successful integrations. Alberto’s skills, expertise and experience will complement our executive team and advance our growth strategy."
Mr. López Gaffney most recently served as the CFO of Despegar.com, the leading online travel company in Latin America, where he played an integral part in its M&A efforts. From 2017 to 2018, Mr. López Gaffney was CFO of a real estate developer, TGLT S.A., where he led the acquisition and integration of Argentina’s largest construction company. Prior to these, Mr. López Gaffney held senior management positions at ITAU BBA, as head of investment banking for Latin America ex-Brazil, and Morgan Stanley & Co. in New York, as head of the Southern Cone region leading various M&A and capital raising transactions. He holds an MBA in Business Administration from Harvard University, Boston, MA and a Master of Science in Industrial Engineering from the Universidad Católica in Argentina.
About EVERTEC
EVERTEC, Inc. (NYSE: EVTC) is a leading full-service transaction processing business in Puerto Rico, the Caribbean and Latin America, providing a broad range of merchant acquiring, payment services and business process management services. Evertec owns and operates the ATH® network, one of the leading personal identification number (“PIN”) debit networks in Latin America. In addition, the Company processes over six billion transactions annually and manages a system of electronic payment networks in Puerto Rico and Latin America and offers a comprehensive suite of services for core banking, cash processing, and fulfillment in Puerto Rico. Additionally, the Company offers technology outsourcing and payment transactions fraud monitoring to all the regions it serves. Based in Puerto Rico, the Company operates in 26 Latin American countries and serves a diversified customer base of leading financial institutions, merchants, corporations and government agencies with “mission-critical” technology solutions. For more information, visit www.evertecinc.com.
Who is the new Executive Vice President of Corporate Development at Evertec?
Alberto López Gaffney is the new Executive Vice President of Corporate Development at Evertec.
What experience does Alberto López Gaffney bring to Evertec?
López Gaffney has over 25 years of experience in financial management and M&A, including previous roles as CFO of Despegar.com and at ITAU BBA and Morgan Stanley.
When did Alberto López Gaffney start at Evertec?
Alberto López Gaffney started at Evertec on March 20.
What are the main responsibilities of the new Executive VP at Evertec?
Alberto López Gaffney will lead Evertec's global corporate development efforts.
How does Alberto López Gaffney's appointment impact Evertec's growth strategy?
His extensive background in M&A is expected to advance Evertec's growth strategy.
