Philip McHugh appointed new Paysafe CEO

By Nathan Joyes

Paysafe Group has appointed Philip McHugh as its new CEO, who will start his new role on 24 June.

McHugh replaces Joel Leonoff, who moves into the role of Vice Chairman of the Company’s Board of Directors.

With more than 20 years of experience as an executive in different leadership roles, McHugh leaves TSYS, where he helped grow the company’s revenues and profits "by over 30%."

McHugh was previously Global CFO of Barclaycard and CEO of Barclaycard Business Solutions, where it was his duty to implement various strategic growth strategies.

During his tenure, the business doubled in size during a five-year period.

Stuart Harvey Junior, Chairman of the Paysafe Board of Directors, said: "McHugh’s relentless focus on serving the customer, and his proven ability to drive operational excellence within complex financial organisations, had led to strong results throughout his career.

"This track record combined with his visionary approach will be invaluable as we advance the company’s corporate strategy.”

McHugh said: "The opportunity to continue to invest in and leverage Paysafe’s differentiated payment assets, as well as identify new areas of growth while working with a highly focused and energised team, is a very exciting one."


More News

A case against Betfred has seen an application for summary judgment before a High Court judge in October. In November 2018, solicitor Peter Coyle spoke exclusively to Gambling Insider...

From dealing with customers stuck in a lift, to approaching seven years as AGS president and CEO, David Lopez reflects with Tim Poole on the career lessons he’s learned, the mentors...