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Matthew Moynahan Appointed to OneSpan’s Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
OneSpan Inc. (NASDAQ: OSPN) has appointed Matthew Moynahan, its President and CEO, to the Board of Directors effective after the annual meeting on June 8, 2022. This decision follows the retirement of Jean Holley from the Board. Al Nietzel, Chair of the Board, praised Moynahan's track record in growth strategies and operational transformation. He emphasized the company's commitment to a new vision and growth strategy under Moynahan's leadership, aiming to build long-term shareholder value.
Positive
Matthew Moynahan's appointment to the Board reflects strong leadership and operational transformation capabilities.
The company is implementing a new growth strategy aimed at enhancing shareholder value.
Negative
Jean Holley's retirement could lead to concerns regarding continuity in strategic governance.
Jean Holley retired from the Board
CHICAGO--(BUSINESS WIRE)--
OneSpan Inc. (NASDAQ: OSPN), the digital agreements security company, announced today its Board of Directors (the “Board”) appointed Matthew Moynahan, President and Chief Executive Officer, to the Board effective immediately following the conclusion of the Company’s annual meeting of stockholders on June 8, 2022.
Matthew Moynahan, OneSpan's President and Chief Executive Officer (Photo: Business Wire)
“Matt’s appointment to the Board reflects his exceptional track record in implementing growth strategies and operational transformation,” stated Al Nietzel, OneSpan’s Chair of the Board. “In less than six months as CEO, he led a rigorous process to establish our new vision and growth strategy. We are implementing that strategy now and look forward to Matt’s continued strong contributions as we move into our next phase of growth.”
“I am honored and excited to lead OneSpan’s strategic transformation while also serving as a director,” stated Matthew Moynahan. “This is a pivotal time for the Company and I look forward to working closely with the Board as we shape our bright future, build upon our strong security and e-signature foundation, and create long-term value for our shareholders.”
Mr. Moynahan continued, “On behalf of OneSpan, I want to thank Jean Holley for her dedicated service to the Company since joining the Board in 2006. Most recently, Jean was Chair of our Corporate Governance and Nominating Committee and was instrumental in the Board refreshment efforts over the last two years. Her support and guidance during our current transformation planning process were essential to moving the Company forward.”
About OneSpan
OneSpan helps organizations accelerate digital transformations by enabling secure, compliant, and refreshingly easy customer agreements and transaction experiences. Organizations requiring high assurance security, including the integrity of end-users and the fidelity of transaction records behind every agreement, choose OneSpan to simplify and secure business processes with their partners and customers. Trusted by global blue-chip enterprises, including more than 60% of the world’s largest 100 banks, OneSpan processes millions of digital agreements and billions of transactions in 100+ countries annually.
