Banking Digital Payments News

Paysafe Announces Board of Directors for Post-Merger Public Company

Paysafe Announces Board of Directors for Post-Merger Public Company

 Board announced in anticipation of Paysafe and Foley Trasimene Acquisition Corp. II merger completing this spring 

Bill Foley to become Chairman; five further new Directors bring additional bench strength and diversity

Paysafe Limited, a leading specialized payments platform, which recently announced it would become a public company via a merger with special purpose acquisition company, Foley Trasimene Acquisition Corp. II, today announced its Board of Directors, effective at the closing of the business combination transaction.

The post-merger Company Board, led by Chairman Bill Foley, is comprised of eleven (11) directors, bringing decades of industry experience across payments, banking, technology, gaming, entertainment, legal & regulatory affairs, capital markets and M&A.

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William P. Foley, II, Chairman, commented, “I am very excited to work with the strong slate of directors upon merger completion.  Over the course of the last few months I have come to know Philip and the Paysafe team very well and am looking forward to continuing the journey, enhancing Paysafe’s growth trajectory through accelerated operational transformation and M&A.”

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Philip McHugh, CEO of Paysafe, added, “We have assembled a best-in-class Board of Directors comprised of proven, high-caliber leaders with extremely relevant but diverse perspectives.  The collective strategic guidance and diversity they bring to the table, combined with the deep domain expertise we already possess in specialized payments, will serve us well as we accelerate our global growth strategy as a newly public company.”

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