Global payments provider Paysafe has announced the appointment of Philip McHugh as its CEO, effective as of June 24, 2019.
McHugh replaces Joel Leonoff, who is taking up a new position as vice chairman of the company’s board of directors.
McHugh, who will also sit on the Paysafe board, brings extensive experience of the global banking and payments industries to the role, and an executive leadership career spanning more than 20 years.
He joins Paysafe from global payments provider TSYS, where he was responsible for heading up their merchant solutions division. During his tenure in the position, McHugh played an instrumental role in growing TSYS’ revenues and profits by over 30 per cent.
Stuart C Harvey Jr, chairman of the Paysafe board, said: "We are delighted that somebody of Philip’s caliber has accepted the role of CEO for Paysafe. His relentless focus on serving the customer, and his proven ability to drive operational excellence within complex financial organisations, has led to strong results throughout his career.
“This track record combined with his visionary approach will be invaluable as we advance the company's corporate strategy."
