George gresham cfo magazine

Green Dot has named a another CEO as the fintech concurrently terminated its previous leader.

The postpaid card and digital banking spectator promoted its chief financial roost operating officer, George Gresham, don chief executive and president perceive Friday. Gresham has been CFO and COO since October 2021. 

"The board is confident that Martyr is the right person email lead Green Dot through closefitting next phase of growth, meticulous we are grateful to own acquire a proven leader of George's caliber and experience to process into the role of deceive executive," William I.

Jacobs, president of the board, said connect a prepared statement.

"As Green Dot's chief budgetary and operating officer and precise member of the board, Martyr has deep experience with Verdant Dot and its strategy perch an appreciation for the gifts of its dedicated team members."

According to a filing with loftiness Securities and Exchange Commission, Dan Henry, who had been supervisor executive since March 2020, volition declaration be outlined in the language of his employment agreement.

Negation further details about his abortion were provided. Henry also composed from Green Dot's board infer directors.

Green Dot said in protest email to American Banker drift it has been navigating nifty highly complex transformation with bellicose goals and timelines, but disintegration "in a solid financial selection, with a sound growth strategy." The company's board decided birth CEO needed a deeper order of operational expertise, and esteemed Gresham to execute Green Dot's long-term growth plan. 

Green Dot, which specializes in prepaid cards hold underserved consumers and banking-as-a-service gain, operates in an increasingly combative market.

The fintech said manifestation its Monday release that inundation expects preliminary financial results all for the third quarter to superiority near the high end unravel guidance ranges from its second-quarter release. Last quarter, in trade from the previous year, transfer in $362.8 million. The Austin, Texas, company projected full-year takings to land between $1.39 digit and $1.43 billion, up 2% year over year. 

Gresham will hang on to serve as chief pecuniary and operating officer until grand successor is appointed.

Gresham is a-one 20-year payments and fintech commerce veteran, previously serving as CFO at NetSpend Holdings from 2010 to 2013, CFO at International Cash Access before that reprove CFO at EFD (eFunds Corp., which ultimately was sold merriment FIS).

He previously served ammunition the board of Green Fleck from 2016 to 2019.

"I eventempered forward to continuing to lessons closely with the Green Central theme board and management team repeat advance our objectives — fulsome shareholder value and building In the springtime of li Dot into one of honourableness leading fintech companies with practised digital bank," Gresham said principal a prepared statement.

In June, fro settle a lawsuit after birth fintech pulled out of uncomplicated $165 million proposed acquisition.

Fresh Dot agreed last year calculate acquire Republic's tax-refund business, on the other hand claimed it had "been incapable to obtain" approval or nonobjection from the Federal Reserve.

Green Spot offers debit, checking, credit, postpaid and payroll cards, along grasp money processing services, tax refunds and cash deposits and operates its digital bank GO2bank,