Payments platform Paysafe Limited (NYSE:PSFE) today announced that Alex Gersh is moving into an advisory role to the Chief Executive Officer, effective September 4th and will step down as Chief Financial Officer.
Mr Gersh will remain with Paysafe in his new role for an undefined period but at least through the end of the year.
John Crawford joins Paysafe as Alex’s successor, effective immediately, and will be based in the company’s North American headquarters located in Jacksonville, Florida.
Crawford spent nine years at FIS, last serving as Executive Vice President—Strategy, M&A and Venture Capital where he led global corporate development, overseeing all of FIS’s acquisitions, divestitures and joint ventures, and global venture investing. During his time at FIS, John spearheaded over 25 deals, with acquisitions contributing substantially to the company’s growth. Prior to joining FIS, John held leadership roles across the U.S. and London in investment banking at Bank of America Merrill Lynch and Bear Stearns and in commercial finance at GE Capital.
Gersh will be working closely with Crawford to manage the transition.
“When I joined Paysafe, I knew the company faced challenges in turning around its financial performance and becoming financially and operationally sustainable,” said Alex Gersh, CFO. “I am grateful for the opportunity I’ve had to contribute to our transformation and would like to thank the Paysafe team for working tirelessly with me to achieve this progress,” said Gersh.
