Dive Brief:
- PayPal is among the payments companies that has announced recent C-suite additions this month, naming Aaron Webster Wednesday as its chief enterprise services officer with oversight for financial crime, fraud prevention, government relations and risk management, the company said in a release.
- Earlier in the week, card network company Mastercard said it was placing former Utah Gov. and U.S. ambassador Jon Huntsman Jr. as president and vice chairman of strategic growth, according to a Monday release.
- Among smaller companies in the industry, Irving, Texas-based merchant services provider SignaPay said this month that it hired David Leppek as chief technology officer.
Dive Insight:
The new hires come as some companies, have added new CEOs who are building out their C-suites with new top executives. At PayPal, CEO Alex Chriss has been in the process of hiring those colleagues in recent months, adding a new chief financial officer and chief people officer.
Other companies building management teams under new CEOs brought on since last year include Visa and Zelle parent Early Warning Services.
At Purchase, New York-based Mastercard, there isn’t a new CEO, but the company’s management, led by CEO Michael Miebach, is bolstering its management team in a new direction with Huntsman’s expertise in government relations. That addition comes as U.S. lawmakers and regulators are reviewing a host of issues with regard to the payments arena, and card networks in particular.
In the case of SignaPay, the company is bringing on board an executive with two decades of payments experience, as well as an expertise in software.
