Caplan to lead alongside Scott Galit as
Payoneer invests to scale for long-term profitable growth
Payoneer (NASDAQ: PAYO), the commerce technology company
powering payments and growth for the new global economy, today
appointed John Caplan co-Chief Executive Officer and Director
alongside current CEO Scott Galit, effective immediately. Galit and
Caplan will lead the firm as co-CEOs during a transition period
through the end of 2023, when Caplan will take the helm as CEO and
Galit will continue in a strategic role.
Caplan will use his deep experience working with global
companies to drive the Payoneer’s growth at scale, expand the
company’s suite of products, and serve customers who are scaling
businesses in today’s digital economy, all in close collaboration
with Galit.
Caplan will assume leadership over the business organization and
core corporate functions. Galit will continue to oversee Payoneer’s
regulated activities and lead the delivery functions that underpin
the business.
“I have known John professionally for several years and have
great admiration and respect for his accomplishments and his
values. We share a vision of how the digital world is transforming
global commerce, how SMBs have a bigger role to play, and how
today’s great companies must be built around customer and employee
centricity,” stated Scott Galit. “The opportunities in front of
Payoneer and our customers are vast. The Board of Directors and I
believe the next decade will require transformational leadership to
match those opportunities. I am excited to partner with John as
Payoneer continues to build a platform tailor-fit for the new
global economy.”
Caplan is an executive, investor and entrepreneur with a track
record of scaling companies in the digital economy. Most recently,
he was President of North America and Europe at Alibaba.com, the
cross-border B2B business unit of Alibaba Group. In this role, he
helped lead its transformation into one of Alibaba Group’s fastest
growing and most profitable business units. Caplan joined Alibaba’s
team in 2017 following its acquisition of OpenSky, an SMB software
platform he founded in 2009, which empowered ecommerce SMBs to
optimize their distribution across marketplaces.
“I am delighted to welcome John to Payoneer. He is an inspiring
leader and experienced company-builder,” said Avi Zeevi, Chairman
of Payoneer. “Payoneer is a global brand trusted by millions of
businesses in over 190 countries and territories worldwide. The
Board is confident John and Scott will be a great team that will
leverage Payoneer’s assets and current momentum to lead us into our
next chapter of growth.”
“I’m thrilled to be joining Payoneer,” added John Caplan.
“Payoneer has robust financials, an industry leading portfolio of
services, a large and growing global customer base and a trusted
partnership ecosystem that cannot be easily replicated. We have the
can-do spirit, capability, trusted brand, talented and diverse
global team to engage and serve businesses worldwide, and in doing
so create shareholder value for many years to come.”
“This is the time for us to be even bolder as we continue to
build. I am honored to partner with Scott and the Payoneer team to
do just that, carrying on the company’s mission of bringing a
universe of opportunities to businesses of any size, anywhere in
the world.”
“Payoneer’s customers are the heartbeat of the entrepreneurial
global economy. When they do well, local communities thrive.”
About Payoneer
Payoneer is the world's go-to partner for digital commerce,
everywhere. From borderless payments to boundless growth, Payoneer
promises any business, in any market, the technology, connections
and confidence to participate and flourish in the new global
economy.
Since 2005, Payoneer has been imagining and engineering a truly
global ecosystem so the entire world can realize its potential.
Powering growth for customers ranging from aspiring entrepreneurs
in emerging markets to the world's leading digital brands like
Airbnb, Amazon, Google, Upwork, and Walmart, Payoneer offers a
universe of opportunities, open to you.
Forward-Looking Statements
This press release includes, and oral statements made from time
to time by representatives of Payoneer, may be considered
“forward-looking statements”. Forward-looking statements generally
relate to future events or Payoneer’s future financial or operating
performance, including, but not limited to, statements regarding
the timing for the CEO transition, outlook, priorities, business
strategy and plans, and expectations regarding future growth. In
some cases, you can identify forward-looking statements by
terminology such as “may,” “should,” “expect,” “intend,” “will,”
“estimate,” “anticipate,” “believe,” “predict,” “potential” or
“continue,” or the negatives of these terms or variations of them
or similar terminology. Such forward-looking statements are subject
to risks, uncertainties, and other factors which could cause actual
results to differ materially from those expressed or implied by
such forward looking statements. These forward-looking statements
are based upon estimates and assumptions that, while considered
reasonable by Payoneer and its management, as the case may be, are
inherently uncertain. Factors that may cause actual results to
differ materially from current expectations include, but are not
limited to the occurrence of any of the risks and uncertainties set
forth in the section entitled “Risk Factors” and “Cautionary
Statement Regarding Forward-Looking Statements”, as well as any
further risks and uncertainties contained, in Payoneer’s Annual
Report on Form 10-K for the period ended December 31, 2021, and
future reports that Payoneer may file with the SEC from time to
time. Nothing in this press release should be regarded as a
representation by any person that the forward-looking statements
set forth herein will be achieved or that any of the contemplated
results of such forward-looking statements will be achieved. You
should not place undue reliance on forward-looking statements,
which speak only as of the date they are made. Payoneer does not
undertake any duty to update these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20220525005210/en/
Investor contact Investor Relations
investor@payoneer.com
Media contact Irina Marciano PR@Payoneer.com
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