NetSpend Leadership Transition Plan Announced By TSYS

Announce feature
What's Next In Payments®
7:00 AM EDT July 15th, 2014

A changing of the guard is underway at NetSpend, a TSYS company, as veteran CEO Dan Henry will be stepping down and Chuck Harris, who has been named senior executive vice president of TSYS – and who will stay on a president of NetSpend – is stepping up.

“The past 12 months have confirmed that NetSpend has found a great home at TSYS. The combined size, stability and leadership will continue to provide opportunity for NetSpend and its team,” noted Harris in a released statement. “The mission of NetSpend remains solidly intact and our avenues for success have expanded greatly. I am proud to lead the superb team of people at NetSpend at this critical time in our development and am honored to be placed in this leadership role. I look forward to all that we will accomplish in the days and months ahead.”

NetSpend provides services to the under-banked, and TSYS CEO M. Troy Woods noted in his statement that though they are sad to see Henry go, the company remains excited for the new directions it will pursue as Harris continues to lead the NetSpend team.

“TSYS and NetSpend are grateful for the tremendous leadership that Dan has provided. His vision and passion for providing payment options to deserving underbanked consumers have been an inspiration to our company, team members and the payments industry. We wish him well in every future endeavor. It will be a seamless transition for Chuck to lead the NetSpend team. Having served as president since 2010, Chuck knows the company and the business well. Chuck is a 20-plus year veteran of the payments industry, and his depth of experience has elevated our ability to bring accessible and affordable financial services to the more than 68 million underbanked consumers in this country.”

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