Tony Lauro to Step Down as CFO, effective November 13
International Money Express (NASDAQ: IMXI) announced the resignation of Chief Financial Officer Tony Lauro, who will join BlockFi, Inc. Lauro will remain until November 13, 2020, to ensure a smooth transition. The company praised Lauro for his pivotal role during its 2018 merger and 2019 public offering, contributing to its financial growth. Michael Purcell, an independent director, will lead the search for a new CFO. International Money Express specializes in money remittance services, primarily from the U.S. to Latin America and the Caribbean.
- Tony Lauro's leadership contributed to the successful 2018 merger and 2019 public offering.
- The company's focus on ensuring an orderly transition reflects strong management practices.
- The abrupt departure of a key executive like Lauro could lead to potential instability during the transition period.
MIAMI, Aug. 31, 2020 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI) (Intermex), a leading money remittance services company, today announced that Tony Lauro has informed the company of his intention to step down as Chief Financial Officer of Intermex in order to accept an offer to become Chief Financial Officer of BlockFi, Inc.
Michael Purcell, an Intermex independent director and a former audit partner of Deloitte, will lead the search for a new CFO. Lauro has committed to remain with the Company until November 13, 2020 to ensure an orderly transition.
“As Intermex’s CFO, Tony helped steer the company through our 2018 merger and subsequent secondary public offering in 2019. Tony was instrumental in building the company with financial stewardship, structure and accountability that positioned International Money Express to continue to grow well into the future,” said Bob Lisy, CEO and Chairman of Intermex. “Tony has been an outstanding and valuable executive team member, partner and friend. I am thankful for all of the great work and effort Tony has invested in the company.”
“These past few years with Intermex have been an amazing and wonderful experience,” said Tony Lauro. “International Money Express has been an incredible opportunity for me, and I am confident that the company is in a great position for further growth and success. I will leave with very fond memories of my time at Intermex working with a dedicated group of talented individuals striving to improve the company and lay the framework for continued excellence.”
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 to 17 countries in Latin America and the Caribbean, including Mexico and Guatemala, and seven countries in Africa and two in Asia. We offer the electronic movement of money to our customers through our network of sending and paying agents and company-operated stores located in all 50 states, the District of Columbia and Puerto Rico, and throughout Latin America, the Caribbean and selected countries in Africa and Asia. Our services are also available digitally through intermexonline.com. We were founded in 1994 and are headquartered in Miami, Florida with offices in Puebla, Mexico, and Guatemala City, Guatemala.
Investor Relations:
Mike Gallentine
Vice President of Investor Relations
tel: 305-671-8005
mgallentine@intermexusa.com
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