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FlexShopper Appoints Former North Carolina Governor Patrick McCrory to its Board of Directors

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FlexShopper Inc. (Nasdaq: FPAY) announced the appointment of Patrick McCrory as an independent board member and the retirement of T. Scott King from the Board of Directors effective January 20. McCrory, who served as the 74th governor of North Carolina (2013-2017) and as Charlotte's longest-serving mayor (1995-2009), brings extensive leadership and public policy experience.

McCrory's background includes serving on the U.S. Homeland Security Advisory Council (2002-2006), chairing various U.S. Conference of Mayors committees, and holding senior executive positions at Duke Energy (1978-2008). He previously served on the boards of Kewaunee Scientific and LendingTree, and was Senior Director of Strategic Initiatives at Moore & Van Allen PLLC (2009-2012).

FlexShopper Inc. (Nasdaq: FPAY) ha annunciato la nomina di Patrick McCrory come membro indipendente del consiglio di amministrazione e il pensionamento di T. Scott King dal Consiglio di Amministrazione, con effetto dal 20 gennaio. McCrory, che è stato il 74° governatore della Carolina del Nord (2013-2017) e il sindaco di Charlotte con il mandato più lungo (1995-2009), porta con sé una vasta esperienza in leadership e politica pubblica.

Il percorso di McCrory include ruoli nel Consiglio consultivo per la sicurezza interna degli Stati Uniti (2002-2006), la presidenza di vari comitati della Conferenza dei sindaci americani, e posizioni dirigenziali presso Duke Energy (1978-2008). In precedenza, ha fatto parte dei consigli di Kewaunee Scientific e LendingTree, ed è stato Direttore Senior delle Iniziative Strategiche presso Moore & Van Allen PLLC (2009-2012).

FlexShopper Inc. (Nasdaq: FPAY) anunció el nombramiento de Patrick McCrory como miembro independiente de la junta directiva y la jubilación de T. Scott King de la Junta Directiva a partir del 20 de enero. McCrory, quien fue el 74.º gobernador de Carolina del Norte (2013-2017) y el alcalde de Charlotte con el mandato más prolongado (1995-2009), aporta una amplia experiencia en liderazgo y políticas públicas.

El historial de McCrory incluye servicio en el Consejo Asesor de Seguridad Nacional de EE. UU. (2002-2006), la presidencia de varios comités de la Conferencia de Alcaldes de EE. UU. y cargos ejecutivos en Duke Energy (1978-2008). Anteriormente, sirvió en las juntas de Kewaunee Scientific y LendingTree, y fue Director Senior de Iniciativas Estratégicas en Moore & Van Allen PLLC (2009-2012).

FlexShopper Inc. (Nasdaq: FPAY)는 Patrick McCrory를 독립 이사로 임명하고, T. Scott King이 1월 20일부로 이사회에서 은퇴한다고 발표했습니다. McCrory는 노스캐롤라이나주 74대 주지사(2013-2017)와 샬럿에서 가장 오랫동안 시장을 역임한 인물(1995-2009)로서, 풍부한 리더십과 공공 정책 경험을 가지고 있습니다.

McCrory의 경력은 미국 국토안보 자문위원회(2002-2006)에서의 활동, 미국 시장 회의 여러 위원회의 의장직, 그리고 듀크 에너지에서의 주요 경영직(1978-2008)을 포함합니다. 그는 Kewaunee Scientific와 LendingTree의 이사직을 역임했으며, Moore & Van Allen PLLC(2009-2012)에서 전략적 이니셔티브의 수석 이사로 일했습니다.

FlexShopper Inc. (Nasdaq: FPAY) a annoncé la nomination de Patrick McCrory en tant que membre indépendant du conseil d'administration et le départ à la retraite de T. Scott King de ce dernier à compter du 20 janvier. McCrory, qui a été le 74e gouverneur de la Caroline du Nord (2013-2017) et le maire de Charlotte pendant le plus longtemps (1995-2009), apporte une vaste expérience en leadership et en politiques publiques.

Le parcours de McCrory comprend des fonctions au sein du Conseil consultatif de la sécurité intérieure des États-Unis (2002-2006), la présidence de divers comités de la Conférence des maires des États-Unis, et des postes de direction chez Duke Energy (1978-2008). Auparavant, il a siégé aux conseils de Kewaunee Scientific et LendingTree, et a été directeur senior des initiatives stratégiques chez Moore & Van Allen PLLC (2009-2012).

FlexShopper Inc. (Nasdaq: FPAY) gab die Ernennung von Patrick McCrory als unabhängigen Vorstandsmitglied bekannt und kündigte den Rücktritt von T. Scott King aus dem Vorstand mit Wirkung zum 20. Januar an. McCrory, der als 74. Gouverneur von North Carolina (2013-2017) und als der am längsten amtierende Bürgermeister von Charlotte (1995-2009) tätig war, bringt umfassende Erfahrungen in Führung und öffentlicher Politik mit.

McCrorys Karriere umfasst den Dienst im U.S. Homeland Security Advisory Council (2002-2006), den Vorsitz verschiedener Ausschüsse der U.S. Conference of Mayors und leitende Positionen bei Duke Energy (1978-2008). Zuvor war er Mitglied der Vorstände von Kewaunee Scientific und LendingTree und war Senior Director für strategische Initiativen bei Moore & Van Allen PLLC (2009-2012).

Positive
  • Addition of high-profile board member with extensive leadership experience
  • Strategic appointment bringing public policy and business expertise to the board
  • New director's previous experience on boards of public companies
Negative
  • Loss of long-serving board member T. Scott King

T. Scott King to Retire from FlexShopper’s Board of Directors

BOCA RATON, Fla., Jan. 22, 2025 (GLOBE NEWSWIRE) -- FlexShopper Inc. (Nasdaq: FPAY), a leading national lease-to-own (LTO) retailer and payment solutions provider, today announced that it has appointed Patrick McCrory as an independent board member. In addition, FlexShopper announced the retirement of T. Scott King from the Company’s Board of Directors effective January 20.

“We are excited to welcome Pat to FlexShopper’s Board of Directors,” said Howard S. Dvorkin, FlexShopper’s Chairman. “As the former governor of North Carolina and mayor of Charlotte, Pat brings decades of experience leading large, dynamic organizations. His leadership, public policy, and business expertise will add depth and value to our Board. We look forward to his guidance and input as we pursue strategies aimed at creating lasting value for our shareholders.”

McCrory has over four decades of leadership, public policy, and business experience. From 2013 to 2017, he served as the 74th governor of North Carolina. As the mayor of Charlotte from 1995 to 2009, McCrory was the youngest and longest-serving mayor. During his mayoral term, McCrory also served on the U.S. Homeland Security Advisory Council during the George W. Bush Administration from 2002 to 2006.  He was formerly the Chair of the U.S. Conference of Mayors (the “USCM”) Community Development and Housing Committee and the Chair of the USCM Energy and Environmental Committee. From 2009 to 2012, McCrory was the Senior Director of Strategic Initiatives for the Charlotte-based law firm Moore & Van Allen PLLC. McCrory had an extensive career with Duke Energy Corporation, an electric power and natural gas holding company, where he served in various senior executive officer positions from 1978 to 2008. McCrory previously served on the Board of Directors of Kewaunee Scientific Corporation, and LendingTree, Inc. (formerly Tree.com, Inc.), and was a member of the Board of Trustees of Catawba College. McCrory is a graduate of Catawba College in Salisbury, North Carolina.

“For over a decade, Scott has been a vital member of our Board. His leadership and unwavering commitment will be truly missed,” said Russ Heiser, CEO of FlexShopper. “We wish him success in everything he pursues in the future.”

About FlexShopper, Inc.:
FlexShopper Inc. (Nasdaq: FPAY) is a financial technology company specializing in lease-to-own (LTO) and lending solutions for underserved consumers across the U.S. FlexShopper provides flexible payment options through its direct marketplace at FlexShopper.com and partners with retailers across online and physical store locations.

Company Contact:
FlexShopper, Inc.
Investor Relations
ir@flexshopper.com

Investor and Media Contact
Andrew Berger
Managing Director
SM Berger & Company, Inc.
Tel (216) 464-6400
andrew@smberger.com

Source: FlexShopper, Inc.


FAQ

Who is the new board member appointed to FlexShopper (FPAY)?

Patrick McCrory, former Governor of North Carolina (2013-2017) and former mayor of Charlotte, has been appointed as an independent board member of FlexShopper.

What experience does Patrick McCrory bring to FlexShopper's (FPAY) board?

McCrory brings over four decades of leadership, public policy, and business experience, including serving as North Carolina's governor, Charlotte's mayor, and holding senior executive positions at Duke Energy

When did T. Scott King retire from FlexShopper's (FPAY) board?

T. Scott King retired from FlexShopper's Board of Directors effective January 20, 2025.

What corporate board experience does Patrick McCrory have prior to joining FlexShopper (FPAY)?

McCrory previously served on the Board of Directors of Kewaunee Scientific and LendingTree, Inc., as well as being a member of the Board of Trustees of Catawba College.

FlexShopper, Inc.

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