Payoneer Announces a New CFO

Payoneer Global Inc. (NASDAQ: PAYO) has announced a new Chief Financial Officer. According to a corporate statement, Bea Ordonez  – currently the Deputy CFO – will replace current CFO Michael Levine, who will step down in March. Ordonez will then report to Payoneer co-CEO John Caplan.

Payoneer is a global payments and transfers platform.

“On behalf of John and everyone at Payoneer, I would like to express my sincere gratitude to Michael for his outstanding leadership and tireless dedication to the company over the past 11 years,” said Scott Galit, Co-CEO. “Michael has built a world-class finance organization and I’ve had the privilege of having him as a valued partner and team member.”

Levine said he will be exiting Payoneer with the utmost confidence in management, adding that Payoneer is in a strong position. Levine said it was the right time for him to pursue other personal interests.

“I would like to thank John, Scott, and the entire team at Payoneer for their support and friendship.”

Caplan welcomed Ordonez as CFO calling her a proven leader with expertise in Fintech.

“I am thrilled to be joining Payoneer – a values driven, innovative company that is delivering solutions that truly power global digital commerce,” said Ordonez. “The Payoneer team has built a digital platform with impressive global reach and scale and I look forward to working with the team to continue to build on the company’s impressive track record.”

Ordonez previously worked at Webster Bank (NYSE: WBS), Sterling National Bank (NYSE: STL), OTC Markets Group (OTCQX: OTCM), and G-Trade, and as the COO at Convergex.

Payoneer also shared that expects to exceed full-year 2022 guidance and reaffirmed its prior commitment to increase adjusted EBITDA for 2023, both of which were provided in its November 2022 earnings release.

Payoneer will release its results for the fourth quarter and full year of 2022 on Feb 28, 2023. Details to follow.

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