Payoneer’s Board of Directors Appoints John Caplan as CEO Effective March 1
28 Febrero 2023 - 3:06PM
Business Wire
Scott Galit to transition to Senior Advisor and
remain on the Board Bea Ordonez appointed CFO effective March 1
Payoneer Global Inc. (“Payoneer” or the “Company”) (NASDAQ:
PAYO), the financial technology company empowering the world’s
small businesses to transact, do business and grow globally, today
announced the completion of its CEO and CFO transitions.
On February 27, 2023, Payoneer’s Board of Directors appointed
John Caplan as CEO of Payoneer, effective March 1, 2023.
Concurrently, Scott Galit will become a Senior Advisor to the
Company and continue to serve on the Board of Directors. Caplan and
Galit currently serve as co-CEOs of Payoneer following a transition
period previously announced on May 25, 2022. Additionally, Bea
Ordonez, Payoneer’s Deputy CFO who joined the Company on January
16, 2023, has been appointed CFO, effective March 1, 2023.
“Our record 2022 results build on our long track record of
delivering real value for our customers and consistent revenue and
adjusted EBITDA growth,” said Scott Galit, Co-CEO. “I am incredibly
excited about Payoneer’s future and look forward to staying
involved in my new role. My transition with John has gone very
smoothly and I have full confidence that John, Bea, and the strong
team we have will continuously strive to make it easier for SMBs to
succeed in global commerce and deliver value for our customers,
employees, and shareholders for many years to come.”
“Scott has been a remarkable leader for Payoneer and during his
tenure, he has made Payoneer a trusted global brand and delivered
an impressive track record of accomplishments and growth for the
Company,” said Avi Zeevi, Chairman of Payoneer’s Board of
Directors. “On behalf of the shareholders, employees, and the
entire Board, I would like to thank Scott for his service to date.
John will build on this strong foundation and lead Payoneer into
its next chapter of growth. John has already demonstrated his
strong leadership and we are excited about his increased focus on
profitable growth. On behalf of the entire Board, I want to thank
both Scott and John for their commitment to supporting a thoughtful
and smooth transition over the past 9 months.”
“I’m honored to assume the CEO role and sincerely appreciate
Scott’s guidance and friendship as we worked through this
successful transition,” said John Caplan, Co-CEO. “Payoneer has a
trusted brand, global footprint, and benefits from strong network
effects and scaled infrastructure, which puts us in a position of
strength to capture the significant growth opportunities we have.
I’m excited to lead the company into our future and believe our
talented and dedicated team of colleagues around the world will
successfully execute and deliver on our plans.”
About Payoneer
Payoneer is the financial technology company empowering the
world’s small businesses to transact, do business and grow
globally. Payoneer was founded in 2005 with the belief that talent
is equally distributed, but opportunity is not. It is our mission
to enable anyone anywhere to participate and succeed in the global
digital economy. Since our founding, we have built a global
financial platform that has already made it easier for millions of
SMBs, particularly in emerging markets, to pay and get paid, manage
their funds, and grow their business.
Forward-Looking Statements
This press release includes, and oral statements made from time
to time by representatives of Payoneer, may be considered
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
relate to future events or Payoneer’s future financial or operating
performance. For example, projections of future volume, revenue,
transaction cost and adjusted EBITDA are forward-looking
statements. In some cases, you can identify forward-looking
statements by terminology such as “may,” “should,” “expect,”
“intend,” “plan,” “will,” “estimate,” “anticipate,” “believe,”
“predict,” “potential” or “continue,” or the negatives of these
terms or variations of them or similar terminology. Such
forward-looking statements are subject to risks, uncertainties, and
other factors which could cause actual results to differ materially
from those expressed or implied by such forward looking statements.
These forward-looking statements are based upon estimates and
assumptions that, while considered reasonable by Payoneer and its
management, as the case may be, are inherently uncertain. Factors
that may cause actual results to differ materially from current
expectations include, but are not limited to: (1) changes in
applicable laws or regulations; (2) the possibility that Payoneer
may be adversely affected by geopolitical and other economic,
business and/or competitive factors; (3) Payoneer’s estimates of
its financial performance; (4) the outcome of any legal
proceedings; and (5) other risks and uncertainties set forth in
Payoneer’s Annual Report on Form 10-K for the period ended December
31, 2022 and future reports that Payoneer may file with the SEC
from time to time. Nothing in this press release should be regarded
as a representation by any person that the forward-looking
statements set forth herein will be achieved or that any of the
contemplated results of such forward-looking statements will be
achieved. You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. Payoneer
does not undertake any duty to update these forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230228006036/en/
Investor Relations: Michelle Wang investor@payoneer.com
Media Contact: PR@payoneer.com
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