Paysafe Limited named Bruce Lowthers as its CEO, after Philip McHugh, Paysafe’s incumbent Chief Executive, decided to resign.
Lowthers will join the company by 1 May, succeeding McHugh who will step down as both a board member and Paysafe’s CEO, a position he held since June 2019.
After a tenure of 15 years with FIS, the American fintech company, it’s Chief Executive has been named Executive Director.
He began this journey in 2007 and served multiple roles during his tenure with the company, culminating in serving as president.
Paysafe noted that the CEO transition is a result of Daniel Henson’s March appointment as Non-Executive Chair.
Commenting on Lowthers’ appointment, Henson said: “Bruce is an exceptional executive whose proven track record of driving sustained results and enterprise value is second to none.
“In particular, he has successfully scaled and transformed many global organisations. Paysafe is at an exciting inflection point on its journey and we are confident Bruce is the right leader to take it to the next level of growth.”
Henson later thanked McHugh and expressed his gratitude for McHugh’s service. The outgoing CEO’s tenure saw him guide Paysafe through the pandemic and take the company public.
“On behalf of the board, I want to thank Philip for his leadership over the past three years,” said Henson. “He has taken Paysafe public, expanded its footprint and established value-added relationships while upgrading the company’s product and tech capabilities.”
Paysafe also reaffirmed its adjusted EBITDA and revenue guidance for the full-year 2022 and quarter 1. Paysafe will publish Q1 results for the quarter on Wednesday 11th May.
Kambi’s Game Parlay has been enhanced with Major League Baseball (MLB), betting options. It allows players to mix multiple MLB bet options.
Relax Gaming gave operators an exclusive look at Dream Drop Jackpots, its new product that will be available to them on May 4, 2022. Talking on…