Global Processing Services (GPS) has appointed Kevin Schultz as Chief Executive Officer, following up the promotion of Joanne Dewar to Vice Chair.
In the new role, Schultz will focus on strategy and execution, joining the company with nearly 16 years at Visa, where he built out the debit processing business, Visa DPS
Dewar will maintain her position on the GPS board, where she will focus on the group’s growth and global profile, continuing to work alongside Chair, Gene Lockhart, in a newly created Office of the Chair.
Lockhart commented: “We are hugely grateful for the great work that Joanne has done at GPS. Under Joanne’s stewardship, the company has gone from strength to strength and successfully transitioned through a major new investment round, the building of a new management team and a significant transformation. In her new role as Vice Chair, she will continue to play a pivotal role in GPS’ future.
“With Kevin on board, our leadership team now has a unique and powerful blend of industry, market and leadership experience which will help us to accelerate the company’s growth.”
Dewar added on her role: “I am extremely proud of what has been achieved so far and I am very excited about my new role, which should enable me to help expand the business footprint through raising the profile and building the global network. I am also delighted to welcome Kevin, who’s impressive track record and experience will be a huge asset to the GPS business and our customers. Together with Gene, I am convinced that we have a winning combination which will accelerate the ability of GPS to reach its true potential.”Schultz concluded: “It has been a transformational period for the company, and I could not be more excited to lead the company through the next phase of its development. With the experience of our leadership team and support of our investors, I am convinced that GPS will continue to deliver market leading technology and provide our customers with ever more innovative payments solutions.”