Change Financial Limited appoints Tony Sheehan as Chief Executive Officer

SYDNEY, AUSTRALIA: Change Financial Limited (ASX: CCA) announced the appointment of Mr Tony Sheehan as Chief Executive Officer (CEO) effective 3 July 2023.

Tony Sheehan is an experienced senior executive in the payments and technology industry and has held the positions of Chief Financial Officer and Chief Operating Officer for the past nine years at leading payments companies, Global Payments Inc, (NYSE: GPN) and Change.

In these positions, Tony has led numerous aspects of the organisations including finance, sales and marketing, people and culture, legal, compliance and customer support.

Over the last two years, Tony has demonstrated exceptional leadership and management skills in his role as Chief Financial Officer with Change and the Board believes that Tony is best placed from the short-listed candidates to lead the Company through the next stage of its evolution.

Change Chairman, Eddie Grobler said: “We are delighted to have Tony assume the role of CEO. Tony has been an integral member of the Change leadership team and his extensive experience in operations and finance, specifically within the fintech and payments landscape, have already proven invaluable.

As the Company looks to accelerate the commercialisation of its Vertexon and PaySim product offerings, Tony’s skills in building teams and driving a winning culture will be critical to delivering on our strategic objective of becoming a leading innovative global payments and platform provider to businesses and financial institutions.”

Tony said of his appointment: “I am thrilled to have the opportunity to lead Change through the next chapter of its journey. We have been successfully executing on our strategy over the past two years, with a particular focus on establishing the core building blocks for future success.

I am looking forward to continuing working with the extremely talented team at Change to execute on our strategy and drive growth. With the first client now live and processing on the Vertexon platform in New Zealand and having completed the recent strategic capital raising in February, we are entering an exciting phase for the Company.”

Change Financial (Change) is a global fintech, listed on the Australian Securities Exchange (ASX: CCA), providing payments solutions to banks and fintechs.

Change’s payments as a service (PaaS) platform Vertexon, seamlessly integrates with banks and fintechs’ core systems enabling delivery of digital and virtual card solutions to their customers. Using PaySim, Change tests payment systems to help clients meet the reliability and performance expectations of end customers.

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