Shift4 Appoints Sam Bakhshandehpour to Board of Directors

Rhea-AI Summary

Shift4 (NYSE: FOUR) has appointed Sam Bakhshandehpour to its Board of Directors, effective immediately. He will participate in the Compensation and Audit Committees. Bakhshandehpour brings substantial experience from the restaurant, hospitality, gaming, and media sectors, as well as a strong background in investment banking and mergers and acquisitions. He previously led sbe Entertainment and has worked with J.P. Morgan Securities. His expertise is expected to support Shift4's strategic growth initiatives.

Positive

• Sam Bakhshandehpour's appointment is expected to enhance the Board's expertise.
• Bakhshandehpour's diverse background in various industries may drive strategic growth.

Negative

• None.

ALLENTOWN, Pa.--(BUSINESS WIRE)-- Shift4 (NYSE: FOUR), a global leader in commerce technology, today announced the appointment of Sam Bakhshandehpour to the Shift4 Board of Directors, effective immediately. Mr. Bakhshandehpour will serve as a member of the Compensation Committee and the Audit Committee.

Sam Bakhshandehpour (Photo: Business Wire)

“We are pleased to welcome Sam to the Shift4 Board,” said Jared Isaacman, Chairman of the Board and Chief Executive Officer of Shift4. “We are confident that Sam’s deep experience in the restaurant, hospitality, gaming, and media industries and his strong background in investment banking and mergers and acquisitions will prove enormously valuable to our strategic growth ambitions.”

Mr. Bakhshandehpour is the President and Board Member of José Andrés’ (JA) restaurant and media company. JA's platform spans 30+ restaurants across 9 markets globally and multiple cuisines, including the 2-Michelin starred Minibar, and numerous Michelin Bib Gourmand restaurants. Mr. Bakhshandehpour also runs José Andrés Media division (JAM) which produces food-related cultural content across scripted and unscripted film and television, books, podcasts, and digital content. JAM also houses numerous global partnerships and a consumer products platform.

Previously, Mr. Bakhshandehpour served as President, Chief Executive Officer and Board Member of sbe Entertainment, a private equity backed hotel, restaurant and nightlife company with over 80 properties globally. He began his career on Wall Street with J.P. Morgan Securities running the Global Casino and West Coast Real Estate & Lodging Investment Banking practice focused on mergers & acquisitions and capital raising. He holds a Bachelor of Science degree in Business Administration from Georgetown University’s McDonough School of Business.

Mr. Bakhshandehpour expands the breadth of expertise of the Board which currently consists of three other independent directors: Jonathan Halkyard, Christopher Cruz, and Karen Roter Davis.

About Shift4
Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payment ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit shift4.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221005005832/en/

Media Contact for Shift4

Tracy Rubin

JCUTLER media group

tracy@jcmg.com



Nate Hirshberg

VP, Marketing

nhirshberg@shift4.com

Source: Shift4

FAQ

Who is Sam Bakhshandehpour and what is his role at Shift4?

Sam Bakhshandehpour has been appointed to the Shift4 Board of Directors and will serve on the Compensation and Audit Committees.

What experience does Sam Bakhshandehpour bring to Shift4?

He has extensive experience in the restaurant, hospitality, gaming, and media industries, along with a background in investment banking.

When did Sam Bakhshandehpour join the Shift4 Board?

Sam Bakhshandehpour joined the Shift4 Board of Directors effective immediately upon the announcement.

How might Sam Bakhshandehpour's appointment impact Shift4's strategic growth?

His diverse experience and background in mergers and acquisitions could provide valuable insights for Shift4's growth strategy.