Nuvei Expands Board of Directors with Appointments of Maren Lau and Tim Dent

Rhea-AI Summary

Nuvei Corporation (Nasdaq: NVEI) announced the appointment of two new independent directors, Maren Lau and Tim Dent, expanding its Board to eight members. Lau brings expertise from Meta Platforms as Regional Vice President for Latin America, while Dent has over 20 years in online gaming, notably as Chief Financial Officer at DraftKings. The Board aims to achieve 30% female representation by the end of 2023. CEO Philip Fayer expressed confidence in their leadership and its relevance to Nuvei's growth in various industry verticals and geographies.

Positive

• Appointment of Maren Lau and Tim Dent adds industry expertise to the Board.
• The Board's focus on achieving 30% female representation by 2023 reflects a commitment to diversity.

Negative

• None.

MONTREAL, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), announced today it has appointed two new independent directors, technology veterans Maren Lau, Regional Vice President, Latin America at Meta Platforms, Inc. and Tim Dent, former Chief Financial and Chief Compliance Officer of DraftKings Inc. Today’s appointments expand Nuvei’s Board to eight members and brings the Board closer to achieving its gender diversity target of 30% female representation by the end of 2023.

Maren Lau is Regional Vice President at Meta for Latin America, helping brands leverage the company's platforms to drive long-term business results in the region, and to prepare for the metaverse, the next evolution of social connection. She also leads the regional teams to advance Meta’s mission — giving people the power to build communities and bring the world closer together — with positive economic and social impact in the region. Prior to this, Maren was a founding partner and CMO at digital marketing company IMS, where she built a regional business scaling sales and marketing strategies for leading global technology companies throughout Latin America.

Tim Dent is a former executive with over 20 years of online gaming experience. Previously he was the Chief Financial and Chief Compliance Officer at DraftKings, joining the company at a very early stage and building those functions during its rapid growth. While at DraftKings, Mr. Dent also built and oversaw the legal and legislative affairs departments, risk management and payments functions. Prior to joining DraftKings, Mr. Dent held multiple executive leadership roles at Everest Gaming, a once leading online European poker and casino operator. During his tenure at Everest, he led many efforts in all of stages of the company’s lifecycle from startup, to rapid revenue growth and market expansion, and its transition from an unregulated to regulated operating environment.

“Both Maren and Tim are proven leaders who bring extensive knowledge and experience that is beneficial to our business and highly relevant to our growing industry verticals and geographies,” said Nuvei’s Chair and CEO Philip Fayer. “They are outstanding additions to our Board and we look forward to working with and learning from them.”

About Nuvei   
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is tomorrow’s payment platform. Designed to accelerate customers’ business, Nuvei’s modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 45+ markets, 150 currencies and more than 550 alternative payment methods, including cryptocurrencies, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.

For more information, visit www.nuvei.com

Contact: 
Investors 
Anthony Gerstein
Vice President, Head of Investor Relations 
anthony.gerstein@nuvei.com

FAQ

Who are the new directors appointed at Nuvei Corporation?

The new directors are Maren Lau, Regional Vice President at Meta for Latin America, and Tim Dent, former Chief Financial and Chief Compliance Officer at DraftKings.

What is the goal for female representation on Nuvei's Board?

Nuvei aims to achieve 30% female representation on its Board by the end of 2023.

What experience do Maren Lau and Tim Dent bring to Nuvei?

Maren Lau brings experience in digital marketing and brand management at Meta, while Tim Dent has extensive experience in online gaming and financial management from his time at DraftKings.

How many members are on Nuvei's Board after the new appointments?

After the appointments of Lau and Dent, Nuvei's Board now comprises eight members.

What are Nuvei's main services?

Nuvei offers a payment platform that supports next-gen payments, card issuing, banking, and risk management services across more than 200 markets.