Paya Announces Appointment of Oni Chukwu to its Board of Directors
Paya (NASDAQ: PAYA) has appointed Oni Chukwu to its Board of Directors, effective April 16, 2021. Chukwu, previously Executive Chairman and CEO of Aventri, brings extensive experience in enterprise technology and cloud software management. He successfully led Aventri's transformation and international expansion, positively impacting growth. At Paya, he will support strategic initiatives as a member of various committees. The appointment underscores Paya's commitment to enhancing its market position in integrated payment solutions.
- Oni Chukwu brings a strong background in enterprise technology and cloud software management.
- His experience in growth strategies aligns with Paya's expansion goals in high-growth markets.
- Chukwu’s leadership may provide fresh perspectives on Paya's approaches to integrated payment solutions.
- Potential concerns regarding continuity and experience gaps in the board due to recent changes.
Chukwu brings Extensive Enterprise Cloud Software and Technology Experience
ATLANTA, April 16, 2021 (GLOBE NEWSWIRE) -- Paya (NASDAQ: PAYA), a leading integrated payments and commerce solution provider, today announced the appointment of Oni Chukwu to its Board of Directors. Mr. Chukwu was Executive Chairman and CEO of Aventri, a leader in cloud-based enterprise Event Management Software for over 1600 enterprise customers in more than 50 countries. At Aventri, Mr. Chukwu managed a comprehensive transformation and international expansion strategy resulting in significant growth. Mr. Chukwu will serve on Paya’s Audit and Risk, Compensation, and Nominating and Corporate Governance Committees.
Mr. Chukwu’s prior roles included EVP and CFO of Triple Point Technology, a global enterprise software firm specializing in commodities management, EVP and CFO of Netkey, an enterprise software firm specializing in self-service kiosks and digital signage, and CFO of Healthcare Software Synergies. Mr. Chukwu’s AfricaPlan Foundation supports entrepreneurs in developing countries, underprivileged youth, women’s health, and refugees in the U.S. and globally.
“Oni has a strong track record of success in building and growing enterprise technology companies,” said Jeff Hack, CEO of Paya. ”We look forward to adding his expertise and experience to the Paya board which will serve to support Paya’s growth strategies.”
“I am excited to be joining Paya’s board at a time of expansion into Paya’s high growth and attractive target markets,“ said Chukwu. “Paya is well positioned to leverage its differentiated integrated payment technology, consultative approach to service, and extensive domain expertise to continue to expand Paya’s market leadership.”
Note Regarding Forward-Looking Statements
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The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. You should not place undue reliance on such statements as we cannot assure you that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Some factors that could cause actual results to differ are included in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2020.
About Paya
Paya (NASDAQ: PAYA) is a leading provider of integrated payment and frictionless commerce solutions that help customers accept and make payments, expedite receipt of money, and increase operating efficiencies. The company processes over
Investor Contact:
Matt Humphries, CFA
Head of Investor Relations
matt.humphries@paya.com
Media Contact:
Kerry Close
212-784-5717
kclose@groupgordon.com
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