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Paysafe Announces Finance Leadership Transition

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Paysafe (NYSE: PSFE) announced a significant leadership transition in its finance department. Alex Gersh, the current Chief Financial Officer, will move into an advisory role to the CEO effective September 4th, remaining with the company at least through the end of the year. John Crawford has been appointed as the new CFO, effective immediately, based in Paysafe's North American headquarters in Jacksonville, Florida.

Crawford brings extensive experience from his nine-year tenure at FIS, where he last served as Executive Vice President—Strategy, M&A and Venture Capital. His background includes leading over 25 deals that significantly contributed to FIS's growth. CEO Bruce Lowthers expressed confidence in Crawford's ability to guide Paysafe towards sustainable growth and long-term success as the company enters a new phase focused on scaling the business.

Paysafe (NYSE: PSFE) ha annunciato una significativa transizione nella leadership del suo dipartimento finanziario. Alex Gersh, l'attuale Chief Financial Officer, assumerà un ruolo consultivo verso il CEO a partire dal 4 settembre, rimanendo in azienda almeno fino alla fine dell'anno. John Crawford è stato nominato nuovo CFO, con effetto immediato, e sarà basato presso la sede nordamericana di Paysafe a Jacksonville, Florida.

Crawford porta con sé una vasta esperienza derivante dai suoi nove anni di lavoro presso FIS, dove ha ricoperto l’ultimo ruolo di Executive Vice President – Strategia, M&A e Venture Capital. Il suo background include la gestione di oltre 25 operazioni che hanno contribuito in modo significativo alla crescita di FIS. Il CEO Bruce Lowthers ha espresso fiducia nella capacità di Crawford di guidare Paysafe verso una crescita sostenibile e un successo a lungo termine mentre l'azienda entra in una nuova fase focalizzata sullo sviluppo del business.

Paysafe (NYSE: PSFE) anunció una importante transición en el liderazgo de su departamento financiero. Alex Gersh, el actual Director Financiero, pasará a un papel asesor para el CEO a partir del 4 de septiembre, permaneciendo en la empresa al menos hasta finales de año. John Crawford ha sido nombrado como el nuevo CFO, con efecto inmediato, estableciéndose en la sede norteamericana de Paysafe en Jacksonville, Florida.

Crawford aporta una amplia experiencia de sus nueve años en FIS, donde ocupó el último cargo de Vicepresidente Ejecutivo - Estrategia, M&A y Capital de Riesgo. Su trayectoria incluye la dirección de más de 25 operaciones que contribuyeron significativamente al crecimiento de FIS. El CEO Bruce Lowthers expresó confianza en la capacidad de Crawford para guiar a Paysafe hacia un crecimiento sostenible y un éxito a largo plazo mientras la empresa entra en una nueva fase centrada en la expansión del negocio.

Paysafe (NYSE: PSFE)는 재무 부서에서 중요한 리더십 전환을 발표했습니다. 알렉스 거쉬 현재 최고 재무 책임자가 9월 4일부터 CEO에 대한 자문 역할로 이동하며, 올해 말까지 회사에 재직할 예정입니다. 존 크로포드는 즉시 효력이 발생하는 새로운 CFO로 임명되었으며, 플로리다 주 잭슨빌에 있는 Paysafe의 북미 본사에 근무하게 됩니다.

크로포드는 FIS에서 9년 간의 경력을 통해 광범위한 경험을 쌓았으며, 마지막 직위로는 전략, M&A 및 벤처 캐피탈을 담당하는 부사장을 역임했습니다. 그의 배경에는 FIS의 성장에 크게 기여한 25건 이상의 거래를 이끌었던 경험이 포함되어 있습니다. CEO 브루스 로우더스는 크로포드가 Paysafe를 지속 가능한 성장과 장기적인 성공으로 이끌 수 있을 것이라고 확신했습니다. 회사는 비즈니스 확장을 중심으로 한 새로운 단계에 접어들고 있습니다.

Paysafe (NYSE: PSFE) a annoncé une transition significative dans la direction de son département financier. Alex Gersh, l'actuel Directeur Financier, passera dans un rôle de conseil auprès du CEO à partir du 4 septembre, restant dans l'entreprise au moins jusqu'à la fin de l'année. John Crawford a été nommé nouveau CFO, avec effet immédiat, basé au siège nord-américain de Paysafe à Jacksonville, en Floride.

Crawford apporte une vaste expérience de ses neuf années chez FIS, où il a occupé le dernier poste de Vice-Président Exécutif - Stratégie, Fusions & Acquisitions et Capital Risque. Son parcours comprend la direction de plus de 25 transactions qui ont contribué de manière significative à la croissance de FIS. Le CEO Bruce Lowthers a exprimé sa confiance dans la capacité de Crawford à guider Paysafe vers une croissance durable et un succès à long terme alors que l'entreprise entre dans une nouvelle phase axée sur le développement de l'activité.

Paysafe (NYSE: PSFE) hat einen bedeutenden Führungswechsel in seiner Finanzabteilung angekündigt. Alex Gersh, der aktuelle Chief Financial Officer, wird ab dem 4. September eine beratende Rolle für den CEO übernehmen und bleibt mindestens bis zum Ende des Jahres im Unternehmen. John Crawford wurde mit sofortiger Wirkung als neuer CFO ernannt, er wird seinen Sitz in der nordamerikanischen Zentrale von Paysafe in Jacksonville, Florida, haben.

Crawford bringt umfassende Erfahrung aus seiner neunjährigen Tätigkeit bei FIS mit, wo er zuletzt als Executive Vice President - Strategie, M&A und Risikokapital tätig war. Sein beruflicher Werdegang umfasst die Leitung von über 25 Transaktionen, die erheblich zum Wachstum von FIS beigetragen haben. CEO Bruce Lowthers äußerte sich zuversichtlich, dass Crawford in der Lage ist, Paysafe in eine Phase nachhaltigen Wachstums und langfristigen Erfolgs zu führen, während das Unternehmen ein neues Kapitel aufschlägt, das auf das Wachstum des Geschäfts abzielt.

Positive
  • Appointment of John Crawford as new CFO with extensive M&A and strategic experience
  • Crawford's background includes leading over 25 deals at FIS, contributing to significant company growth
  • Company entering a new phase focused on scaling the business and capitalizing on growth opportunities
Negative
  • Departure of current CFO Alex Gersh, potentially disrupting financial leadership continuity
  • Transition period may temporarily impact financial strategy execution

LONDON--(BUSINESS WIRE)-- Paysafe Limited (“Paysafe” or the “Company”) (NYSE: PSFE), a leading payments platform, today announced that Alex Gersh is moving into an advisory role to the Chief Executive Officer, effective September 4th and will step down as Chief Financial Officer. Alex will remain with Paysafe in his new role for an undefined period but at least through the end of the year. John Crawford joins Paysafe as Alex’s successor, effective immediately, and will be based in the company’s North American headquarters located in Jacksonville, Florida.

“Looking to the future, Paysafe is entering a different chapter of growth where we will focus on scaling the business and ensuring that we can capitalize on opportunities that lie ahead,” said Paysafe CEO, Bruce Lowthers. “John is an outstanding leader with exceptional financial acumen, strategic vision, and a true business mindset. I strongly believe that his experience positions him to strategically help guide our efforts towards achieving sustainable growth and long-term success as a world-class payments organization,” added Lowthers.

Crawford spent nine years at FIS, last serving as Executive Vice President—Strategy, M&A and Venture Capital where he led global corporate development, overseeing all of FIS’s acquisitions, divestitures and joint ventures, and global venture investing. During his time at FIS, John spearheaded over 25 deals, with acquisitions contributing substantially to the company’s growth. Prior to joining FIS, John held leadership roles across the U.S. and London in investment banking at Bank of America Merrill Lynch and Bear Stearns and in commercial finance at GE Capital.

"I am thrilled to join Paysafe and contribute to its ongoing transformation. In the payments industry, offering the broadest set of solutions on a global scale allows a company to more effectively serve customers and stay competitive. Paysafe has leading solutions in many of the most attractive markets, and I am eager to collaborate with the team to uncover new opportunities to accelerate growth for the company while maintaining financial discipline and focus on delivering value for our stakeholders," said John Crawford.

Gersh will be working closely with Crawford to manage the transition.

“I want to sincerely thank Alex for the work he has done over the past two years as CFO, helping stabilize Paysafe and drive our transformation. He has been a strong finance leader, and I have enjoyed working with him. While Alex is not leaving us yet, I also want to thank him for staying on to ensure that we maintain the course we’ve charted and our transformation momentum,” continued Lowthers.

“When I joined Paysafe, I knew the company faced challenges in turning around its financial performance and becoming financially and operationally sustainable,” said Alex Gersh, CFO. “I am grateful for the opportunity I’ve had to contribute to our transformation and would like to thank the Paysafe team for working tirelessly with me to achieve this progress,” added Gersh.

About Paysafe

Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading payments platform with an extensive track record of serving merchants and consumers in the global entertainment sectors. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 25 years of online payment experience, an annualized transactional volume of $140 billion in 2023, and approximately 3,200 employees located in 12+ countries, Paysafe connects businesses and consumers across 260 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com.

Media:

Crystal Wright

+1 904 738 1282

crystal.wright@paysafe.com

Investors:

Matthew Parker

Paysafe

+1 (904) 663-2143

matthew.parker@paysafe.com

Source: Paysafe Limited

FAQ

Who is the new CFO of Paysafe (PSFE)?

John Crawford has been appointed as the new Chief Financial Officer of Paysafe (PSFE), effective immediately.

When will Alex Gersh step down as CFO of Paysafe (PSFE)?

Alex Gersh will step down as CFO of Paysafe (PSFE) effective September 4th, moving into an advisory role to the CEO.

What is John Crawford's background before joining Paysafe (PSFE)?

John Crawford spent nine years at FIS, last serving as Executive Vice President—Strategy, M&A and Venture Capital, where he led global corporate development and oversaw acquisitions, divestitures, and venture investing.

Why is Paysafe (PSFE) changing its CFO?

Paysafe (PSFE) is entering a new phase focused on scaling the business and capitalizing on growth opportunities. The company believes John Crawford's experience positions him to strategically guide efforts towards achieving sustainable growth and long-term success.

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