Global Payments Inc. announced that its CEO Jeffrey S. Sloan is stepping down on June 1, 2023, and will be succeeded by Cameron M. Bready, the current President and COO
Leadership Changes
May 1, 2023
May 1, 2023
Global Payments Inc., a leading payment technology and software solutions provider, announced on May 1, 2023, that its Chief Executive Officer (CEO) Jeffrey S. Sloan is stepping down from his position and as a member of the Board, effective June 1, 2023. The company's President and Chief Operating Officer, Cameron M. Bready, will succeed Sloan as the new President and CEO, and will also join the company's Board at that time.
After serving as CEO for nearly a decade, Sloan expressed his gratitude, saying that it had been the highest honor of his 30 plus year career to serve as CEO of Global Payments. Sloan is stepping down after successfully completing the company's strategic pivot to simplify its businesses, focus on its core corporate customers, and provide enhanced confidence in its growth and margin targets.
Sloan has worked closely with Bready for nearly nine years and expressed his complete confidence in him as the next CEO. Sloan said he supports Bready as they work to effect a smooth transition over the coming weeks.
M. Troy Woods, Chairman of the Global Payments Board of Directors, thanked Sloan for his numerous contributions over his 13 years with the company. He also stated that the Board believes now is the right time to initiate this transition of leadership responsibilities, as Global Payments is the leading technology-enabled, software-driven payments business worldwide, with unmatched scale and global reach.
Bready has served as President and COO of Global Payments since 2019, where he oversaw the company's worldwide merchant solutions businesses, global operations, risk management, product, and real estate. Since joining Global Payments as Senior Executive Vice President and Chief Financial Officer in 2014, Bready has been integral in spearheading growth and results across the business.
Woods expressed his confidence in Bready's capabilities and qualifications, stating that he is a talented executive with a proven track record of delivering results. Bready has a passion for innovation and winning and played an integral role in orchestrating strategic partnerships and bolstering the company's financial position. He is uniquely qualified, has intimate knowledge of the business and its operations, and has the full support of the Board as the right leader to oversee Global Payments in its next phase of growth.
Bready expressed his gratitude for being named the next CEO of Global Payments, saying it is an honor and a privilege. Together with the company's dedicated and talented leaders and team members worldwide, he aims to deliver innovative solutions to their markets and serve their customers and clients with distinction. Bready will continue to execute the company's strategy to drive success worldwide by focusing on the four-pillared strategy to further enhance their competitive positioning and leverage growth opportunities ahead.
Members of LevelFields received the alert of this event on May 1, 7:15 AM ET
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