Stax Payments has appointed Paysafe and FIS veteran Kevin Wall as chief financial officer, saying he will spearhead the payment technology provider’s next chapter of strategic expansion. Announcing the appointment in a Wednesday (June 11) press release emailed to PYMNTS, Stax highlighted Wall’s experience leading...
JPMorgan Chase has given Marianne Lake, the head of its consumer and community banking division, the additional responsibility of overseeing its overseas consumer banking arm and strategic growth office. The move followed the departure of Sanoke Viswanathan, who resigned to become CEO of data company FactSet, according to a...
JPMorgan Chase CEO Jamie Dimon said his retirement is “several years away.” Asked about his plans by Marie Bartiromo during an appearance on Fox Business’ Mornings With Maria that aired Monday (June 2), Dimon also said he may remain at the bank for a couple of years as chairman,...
Instacart promoted its chief business officer to the company’s top leadership role. Chris Rogers will become CEO of the grocery delivery platform Aug. 15, according to a Wednesday (May 28) press release. He replaces Fidji Simo, who was recruited for a new role at OpenAI....
The Federal Reserve plans to cut its workforce by about 10% “over the next couple of years” amid a periodic review of its staffing levels, Federal Reserve Chair Jerome Powell told Fed staff in a memo obtained by PYMNTS. In the memo, Powell said offers of voluntary...
Microsoft is reportedly laying off 3% of its workforce, or about 6,000 employees, to reduce the number of management layers. The job cuts are not performance-related, CNBC reported Tuesday (May 13), citing a Microsoft spokesperson. “We continue to implement organizational changes necessary to best position...
U.S. Bank has tapped banking industry veteran Dan Son to lead its working capital finance division. A press release Thursday (April 24) stated that Son will succeed Sam Philbrick, who is retiring after a 45-year career in banking, including 18 years at U.S. Bank. Joining...
Dave Davis, formerly chief financial officer and president of Sun Country Airlines, will become Spirit’s CEO next week, the airline announced Thursday (April 17). “We’re excited to welcome Dave as Spirit’s new president and CEO,” Robert Milton, chairman of Spirit Airlines, said in a news release. “He...
TransferMate has appointed its chief product officer, Gary Conroy, to become its CEO, beginning this summer. Conroy will succeed Sinéad Fitzmaurice, who will step down from that role this summer but remain involved with the business, TransferMate, a provider of embedded B2B payments infrastructure as a service,...