Payment technology platform Global Processing Services (GPS) announced that it will be promoting its current CEO, Joanne Dewar, to Vice Chair while Kevin Schultz takes her place effective immediately.
Joanne will maintain her position on the GPS board, where she will focus on the group’s growth and global profile, and continue to work alongside Chair, Gene Lockhart, in a newly created Office of the Chair.
She had been CEO at GPS for over four years and was instrumental in scaling the company and securing investment from the likes of Mastercard, Temasek, Advent International and more.
Meanwhile, Kevin brings a wealth of executive leadership experience in the payments and digital banking industry to his new role as CEO, where he will primarily focus on strategy and execution.
Most recently, Kevin served as Fiserv’s Group President of the Digital Banking. Prior to Fiserv, Kevin served as President, Global Financial Services at First Data, following nearly 16 years at Visa, where he built out the debit processing business, Visa DPS.
Joanne Dewar, Vice Chair of GPS said,
“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.”
Kevin Schultz, Chief Executive Officer of GPS said,
“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.”