On February 27, 2023, Payoneer’s Board of Directors appointed John Caplan as CEO of Payoneer, effective March 1, 2023. Concurrently, Scott Galit will become a Senior Advisor to the Company and continue to serve on the Board of Directors. Caplan and Galit currently serve as co-CEOs of Payoneer following a transition period previously announced on May 25, 2022. Additionally, Bea Ordonez, Payoneer’s Deputy CFO who joined the Company on January 16, 2023, has been appointed CFO, effective March 1, 2023.
“Our record 2022 results build on our long track record of delivering real value for our customers and consistent revenue and adjusted EBITDA growth,” said Scott Galit, Co-CEO. “I am incredibly excited about Payoneer’s future and look forward to staying involved in my new role. My transition with John has gone very smoothly and I have full confidence that John, Bea, and the strong team we have will continuously strive to make it easier for SMBs to succeed in global commerce and deliver value for our customers, employees, and shareholders for many years to come.”
“Scott has been a remarkable leader for Payoneer and during his tenure, he has made Payoneer a trusted global brand and delivered an impressive track record of accomplishments and growth for the Company,” said Avi Zeevi, Chairman of Payoneer’s Board of Directors. “On behalf of the shareholders, employees, and the entire Board, I would like to thank Scott for his service to date. John will build on this strong foundation and lead Payoneer into its next chapter of growth. John has already demonstrated his strong leadership and we are excited about his increased focus on profitable growth. On behalf of the entire Board, I want to thank both Scott and John for their commitment to supporting a thoughtful and smooth transition over the past 9 months.”
“I’m honored to assume the CEO role and sincerely appreciate Scott’s guidance and friendship as we worked through this successful transition,” said John Caplan, Co-CEO. “Payoneer has a trusted brand, global footprint, and benefits from strong network effects and scaled infrastructure, which puts us in a position of strength to capture the significant growth opportunities we have. I’m excited to lead the company into our future and believe our talented and dedicated team of colleagues around the world will successfully execute and deliver on our plans.”