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International Money Express Announces Executive Leadership Changes

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(Low)
Rhea-AI Sentiment
(Very Positive)
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management
Rhea-AI Summary

International Money Express, Inc. (NASDAQ: IMXI) announced significant executive leadership changes to bolster its operations and innovation. Christopher Hunt, previously Chief Information Officer, is now acting Chief Operating Officer, retaining technology oversight while taking on product development and operations. Joseph Aguilar, former Chief Operating Officer, transitions to President and General Manager for Latin America, focusing on operations in Mexico and Guatemala. Chairman and CEO Bob Lisy expressed confidence in these appointments, believing they will enhance efficiency and shareholder value.

Positive
  • Leadership changes aim to streamline operations and improve efficiency.
  • Christopher Hunt's new role could lead to innovative product development.
  • Joseph Aguilar's focus on Latin America may drive growth in that region.
Negative
  • None.

MIAMI, Jan. 17, 2023 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), one of the nation’s leading omnichannel money transfer services to Latin America, today announced several executive leadership changes effective immediately to support the Company’s continued innovation and success.

  • Christopher Hunt, who has served as Chief Information Officer of the company since March 2021, will move to the role of acting Chief Operating Officer. Chris will continue his oversight of technology for the business while adding product development, product operations, and facilities to his responsibilities. Chris’ appointment will become permanent upon customary regulatory approval.
  • Joseph Aguilar, who has served as Chief Operating Officer of the company since October 2019, will become President and General Manager - Latin America. In his new position, Joseph will be focused on all existing functions within Mexico and Guatemala, and in future Intermex operations in Latin America.

Chairman, Chief Executive Officer, and President Bob Lisy said, “I believe these changes well-position us to enhance Intermex’s differentiated value proposition, streamline the organization for efficiency, and accelerate our ability to grow and create value for our shareholders.” Lisy added, “Both Joseph and Chris have been huge contributors to the success of the company in recent years, we’re excited about what they will bring to their new roles.”

About International Money Express, Inc.
Founded in 1994, Intermex applies proprietary technology enabling consumers to send money from the United States and Canada to 18 countries in Latin America and the Caribbean, including Mexico and Guatemala, eight countries in Africa, two countries in Asia, and two counties in Europe, through a network of independent neighborhood agents and company-owned stores. The Company provides the digital movement of money through a network of agent retailers in the United States and Canada; through Company-operated stores; digitally through our mobile app; and via the Company’s website. Transactions are fulfilled and paid through thousands of retail and bank locations in Latin America, Africa, Asia, and Europe. Intermex is headquartered in Miami, Florida, with international offices in Puebla, Mexico, and Guatemala City, Guatemala. For more information about Intermex, please visit www.intermexonline.com.

Investor Relations:
Mike Gallentine
Vice President of Investor Relations
tel: 305-671-8005
mgallentine@intermexusa.com


FAQ

What are the recent executive changes at International Money Express (IMXI)?

Christopher Hunt is now acting Chief Operating Officer, while Joseph Aguilar becomes President and General Manager - Latin America.

How might the leadership changes affect IMXI's operations?

The changes are aimed at streamlining operations and enhancing efficiency within the company.

What is Christopher Hunt's new role in IMXI?

He will oversee operations, product development, and technology as acting Chief Operating Officer.

What will Joseph Aguilar focus on in his new position?

He will manage operations in Mexico and Guatemala and lead future growth in Latin America.

International Money Express, Inc.

NASDAQ:IMXI

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