Change Financial announces Tony Sheehan as Chief Executive Officer
Brisbane-based global fintech and payments as a service (PaaS) provider, Change Financial (Change), has announced the appointment of Tony Sheehan as Chief Executive Officer (CEO), following the retirement of Alastair Wilkie.
Mr Sheehan, who is currently Change’s Chief Financial Officer (CFO), has over 20 years’ experience in the payments and broader financial services industry including investment banking and private equity.
Prior to joining Change, he was CFO and Chief Operating Officer for Global Payments Australia and New Zealand, part of US listed Global Payments Inc, which has a market capitalisation of approximately US$28 billion. In these roles, Mr Sheehan led numerous aspects of the organisation including finance, sales and marketing, people and culture, legal, compliance and customer support.
Chairman of Change Financial, Eddie Grobler, said Mr Sheehan’s experience will help drive the company through its next stage of growth as it looks to accelerate the commercialisation of its Vertexon and PaySim product offerings.
“Tony’s experience and knowledge of both the industry and our business will enable us to focus on the continued execution of our strategy in in our core target markets, with a particular focus on driving growth through our strong and growing client and product pipelines,” Mr Grobler said.
Mr Grobler also thanked outgoing CEO, Alastair Wilkie, for his leadership of the company over the past four years, highlighting the important milestones achieved in that period, including the successful integration of the strategic acquisition in October 2020 and the launch of the Vertexon Payments as a Service Platform.
“Alastair has played a critical role in integrating the strategic acquisition, facilitating our partnership with Mastercard and establishing the brand and roadmap for both Paysim and Vertexon, ensuring that the company continues strongly through our next stage of growth,” Mr Grobler said.
Mr Sheehan commences the role on 3 July 2023.
About Change Financial Limited (ASX:CCA)
Change Financial (Change) is an experienced global fintech, listed on the Australian Securities Exchange (ASX) providing tailored payment solutions, card issuing and testing to banks and fintechs. Partnering with over 157 clients across 41 countries Change delivers simple, flexible, and fast-to-market payment solutions.
Managing and processing over 27 million credit, debit, and prepaid cards worldwide, Change also provides the default standard for payments testing for many Australian companies, including Australia’s domestic card payment service eftpos. Learn more about Change at www.changefinancial.com.
