International Money Express, Inc. Appoints Andras Bende as Chief Financial Officer

Rhea-AI Summary

International Money Express (NASDAQ: IMXI) announced the appointment of Andras Bende as its new chief financial officer, effective December 7, 2020. Chairman and CEO Bob Lisy praised Bende's 20-year experience in financial services, particularly in international markets, highlighting his strategic importance to the executive team. Bende previously served as CFO at Computer Services, Inc., where he significantly contributed to the company's growth and valuation. He also held senior finance roles at GE Capital and graduated from GE's Financial Management Program.

Positive

• Appointment of Andras Bende as CFO, expected to provide valuable financial leadership.
• Bende's previous experience in driving significant growth at Computer Services, Inc.
• Potential for fresh perspectives and strategic insights in financial planning.

Negative

• Concerns over continuity due to management change.
• Possible experience gaps as Bende transitions into the new role.

MIAMI, Dec. 07, 2020 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI) (the “Company”) (Intermex), a leading money remittance services company, today announced the appointment of Andras Bende as the company’s new chief financial officer, effective December 7, 2020.

Chairman, Chief Executive Officer and President Bob Lisy said, “Andras Bende’s impressive 20 year career and track record of success, primarily in the financial services industry and principally in international markets, will be a valuable addition for our company.” Lisy added, “as a strategic member of the executive leadership team, we look forward to Andras’s perspective and ability to develop and execute financial and business plans to help Intermex continue to develop and grow.”

Bende was recently the chief financial officer for Computer Services, Inc. (OTCQX:CSVI), a financial technology company, where he was instrumental in helping guide the company during a period of significant growth and share price appreciation, crossing the $1 billion valuation during his tenure there. Previously, Andras held several international chief financial officer and controller roles during his time at GE Capital. Bende is a graduate of GE’s Financial Management Program and the GE Corporate Audit Staff, and holds a bachelor’s degree in financial management from Clemson University.

About International Money Express, Inc.
At International Money Express, Inc. (NASDAQ: IMXI), the customer is at the center of everything we do. We use proprietary technology that enables consumers to send money primarily from the United States and Canada to 17 countries in Latin America, including Mexico and Guatemala, seven countries in Africa and most recently two countries in Asia. We offer the digital movement of money for our sending customers through our network of agent retailers in the US and Canada, as well as our company-operated stores. We terminate and pay these transactions through thousands of retail and bank locations in Latin America, Africa and Asia. Our services are also available on-line through our app, and our intermexonline.com. The Company was founded in 1994 and is headquartered in Miami, Florida with international offices in Puebla, Mexico, and Guatemala City, Guatemala.

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

FAQ

Who is the new CFO of International Money Express (IMXI)?

Andras Bende has been appointed as the new chief financial officer of International Money Express, effective December 7, 2020.

What are Andras Bende's previous roles before IMXI?

Bende was the CFO at Computer Services, Inc. and held several international finance roles at GE Capital.

What impact might Andras Bende's appointment have on IMXI?

His leadership may enhance financial strategy and growth, benefiting IMXI in the competitive remittance market.

When was the appointment of the new CFO announced?

The appointment was announced on December 7, 2020.