WageWorks Appoints George P. Scanlon to Board of Directors
October 25 2018 - 7:14AM
Names Izzy Dawood as Chief Financial
Officer
WageWorks, Inc. (NYSE: WAGE), a leader in administering
Consumer-Directed Benefits, today announced the appointment
of George P. Scanlon to the Board of Directors. In
addition, Interim CFO Izzy Dawood was appointed as WageWorks’ Chief
Financial Officer effective October 15, 2018. Mr. Dawood has
been with the Company since April 2018.
Stuart C. Harvey Jr., WageWorks’ Executive Chairman stated, “We
are pleased to welcome George Scanlon as an independent director to
our Board. George has meaningful leadership, operational and
financial experience at high-growth business services
organizations. We look forward to leveraging his experience
as a member of our Board and audit committee.”
George P. Scanlon is an accomplished executive and private
investor who served as Chief Executive Officer of Fidelity National
Financial, Inc. (NYSE: FNF) from October 2010 through December
2013. Scanlon joined FNF as Chief Operating Officer in June 2010
from FIS, where he served as Executive Vice President, Finance.
Prior to the acquisition by Fidelity National Information Services
of Metavante Corporation in October 2009, he served as the Chief
Financial Officer for FIS. Previously, he served as the Chief
Financial Officer for BFC Financial Corporation and Levitt
Corporation. In addition to WageWorks, Scanlon currently
serves on the boards of Landstar System (NASDAQ: LSTR) and Cyndx
Holdco Inc. (private financial technology firm).
WageWorks also announced that John Larson resigned from his
position as a Class II director of the Board of Directors for
reasons related to his and his wife’s health, effective October 24,
2018. Mr. Harvey stated, “WageWorks has benefited from John’s
insight and expertise in helping to grow and scale the Company over
the last 18 years as a member of the Board of Directors. On
behalf of the Board, we would like to thank him for his many
contributions.”
WageWorks also announced that Tom Bevilacqua has been appointed
as Lead Independent Director of the Board of Directors. As a
member of the Board since November 2009, Tom has served on the
compensation committee since February 2010 and the nominating and
corporate governance committee since February 2011.
Board succession and an appropriate balance of renewal and
experience, including diversity and independence, continue to be a
focus of the WageWorks Nominating and Corporate Governance
Committee and the Board. As part of that process, the Company
continues to search for additional independent Board candidates to
join the Board, and has engaged Trewstar Corporate Board Services
firm to do so.
In addition, WageWorks announced the appointment of Izzy Dawood
as Chief Financial Officer, effective October 15, 2018.
“We are excited to appoint Izzy as our CFO. Over the last
six months, we have benefited from his experience, strong
leadership and focus on execution. His expertise will be key
as we continue executing our strategy and moving the Company
forward,” said Mr. Edgar Montes, WageWorks’ President and Chief
Executive Officer.
Prior to joining WageWorks as Interim CFO, Mr. Dawood served as
the Chief Financial Officer of Santander Consumer USA Holdings Inc.
from 2015 to 2017. Mr. Dawood also served in various roles at The
Bank of New York Mellon Corporation (BNY Mellon) beginning in 2006,
culminating in his role as Executive Vice President and Chief
Financial Officer of the Investment Services division. Prior
to his tenure at BNY Mellon, he also served in various senior roles
at Wachovia Corporation, where he was employed from 1994 to 2006,
including Managing Director of Structured Treasury Activities and
Managing Director of Corporate Development.
About WageWorks
WageWorks, Inc. (NYSE: WAGE) is a leader in administering
Consumer-Directed Benefits (CDBs). WageWorks is solely dedicated to
administering CDBs, including pre-tax spending accounts, such as
Health Savings Accounts (HSAs), health and dependent care Flexible
Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs),
as well as Commuter Benefit Services, including transit and parking
programs, wellness programs, COBRA, and other employee benefits.
WageWorks is headquartered in San Mateo, California, with offices
in major locations throughout the United States. For more
information, visit www.wageworks.com.
Media Contact:Elizabeth Anderson
WageWorks, Inc. 972.984.0800
Elizabeth.Anderson@Wageworks.com
Investor Contact:Michael Smiley 650.577.5303
Michael.Smiley@wageworks.com
Staci Mortenson ICR 203.682.8273
Staci.Mortenson@icrinc.com
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