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Global Payments Announces Appointment of Josh J. Whipple as Chief Financial Officer
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Global Payments Inc. (NYSE: GPN) announced the retirement of Chief Financial Officer Paul M. Todd, effective June 30, 2022. Josh J. Whipple, previously Senior Executive Vice President and Chief Strategy and Enterprise Risk Officer, will take over as CFO beginning July 1, 2022. Todd contributed to the successful merger between TSYS and Global Payments and will remain as a senior advisor for a smooth transition. CEO Jeff Sloan praised both Todd's and Whipple's leadership, emphasizing their contributions to Global Payments' growth and technological advancements.
Positive
Josh J. Whipple's promotion may bring fresh perspectives as CFO, leveraging seven years of leadership experience.
Paul M. Todd will assist in the transition, ensuring stability and continuity during the leadership change.
Negative
Paul M. Todd's retirement raises concerns over continuity in financial leadership after 27 years with the company.
Current Chief Financial Officer,Paul M. Todd, will retire at the end of June
ATLANTA--(BUSINESS WIRE)--
Global Payments Inc. (NYSE: GPN) today announced the appointment of Josh J. Whipple, currently Senior Executive Vice President and Chief Strategy and Enterprise Risk Officer, as its new Chief Financial Officer, effective July 1, 2022. Paul M. Todd, currently Senior Executive Vice President and Chief Financial Officer, will retire at the end of June.
Jeff Sloan, Chief Executive Officer of Global Payments, said "Josh has been a senior leader at our company for more than seven years, helping guide us through some of the most significant milestones in our history. He is a trusted partner who has played a key role in building the leading technology enabled, software driven payments business worldwide that Global Payments is today. He is a seasoned executive, and we have every confidence in his future success."
Paul Todd, who has been with Global Payments and predecessor companies for 27 years and has served as TSYS' and Global Payments’ CFO for the past eight years, will stay on as a senior advisor through the third quarter of 2022 to ensure a smooth transition of responsibilities.
Jeff Sloan also commented on Paul's retirement, "Paul has been a terrific partner and friend for many years, and he has played a critical role in the successful merger of TSYS and Global Payments. With the completion of our integration activities, Paul has accomplished everything we have asked of him over the past three years and more. We wish him all the best as he spends more time with his family."
About Global Payments
Global Payments Inc. (NYSE: GPN) is a leading payments technology company delivering innovative software and services to our customers globally. Our technologies, services and team member expertise allow us to provide a broad range of solutions that enable our customers to operate their businesses more efficiently across a variety of channels around the world.
Headquartered in Georgia with approximately 25,000 team members worldwide, Global Payments is a Fortune 500® company and a member of the S&P 500 with worldwide reach spanning over 170 countries throughout North America, Europe, Asia Pacific and Latin America. For more information, visit www.globalpayments.com and follow Global Payments on Twitter (@globalpayinc), LinkedIn and Facebook.
Who is the new CFO of Global Payments Inc. appointed on July 1, 2022?
Josh J. Whipple has been appointed as the new Chief Financial Officer of Global Payments Inc., effective July 1, 2022.
What position did Paul M. Todd hold before his retirement from Global Payments?
Paul M. Todd served as the Chief Financial Officer of Global Payments Inc. before his retirement.
Why did Global Payments Inc. announce a change in CFO?
The change was announced due to the retirement of long-serving CFO Paul M. Todd, after 27 years in the company.
What is the expected impact of Josh J. Whipple's promotion on Global Payments Inc.?
Josh J. Whipple's promotion is anticipated to bring innovative leadership and continuity, contributing positively to Global Payments Inc.'s financial strategies.
