Paysafe Limited Announces Bruce Lowthers as Chief Executive Officer and Executive Director

Apr 8, 2022 By MarketDepth

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Paysafe Limited (NYSE: PSFE) today announced the appointment of Bruce Lowthers as Chief Executive Officer and Executive Director of Paysafe. 

Leader in Fintech

A fintech industry leader, Mr. Lowthers will join the company by May 1st, 2022, and will succeed Philip McHugh, who is stepping down as CEO and as a member of the Company’s Board of Directors.

“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 organizations. 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.”

Daniel Henson, Chairman of the Paysafe Board

Mr. Lowthers has earned a strong reputation as a results-focused leader who has driven transformation, innovated at speed and enhanced customer experiences for multiple global organizations. He joins Paysafe after a 15-year tenure at FIS, one of the world’s leading fintech companies, where he modernized and accelerated the growth of the Fortune 250 company.

“Paysafe has a highly differentiated and innovative payments offering and is at the forefront of enabling improved payments experiences for both businesses and consumers around the world. I am excited by the significant growth opportunities ahead for Paysafe and by the financial outcomes and value we can achieve for our customers, employees, and shareholders as we scale the global business. I am thrilled to be joining the talented Paysafe team at such a pivotal time.”

Bruce Lowthers, Chief Executive Officer and Executive Director of Paysafe