Green Dot Corporation, the US based fintech and bank holdings company has revealed the appointment of new permanent head of firm. As per statement released by the firm, the Pasadena headquartered financial service provider has appointed Mr. Dan Henry as its new Chief Executive Officer and President effective from March 25, 2020. With his new role as Chief Executive Officer, he now joins the firm’s Board of Directors and is succeeding Mr. William I. Jacobs who had been serving in capacity of interim Chief Executive Officer since January 2020. As Mr. Henry assumes his new role at the firm, Mr. Jacobs goes back to serve in his original role as Chairman of Board of Directors which he has held since 2016. Meanwhile, Mr. Christopher Brewster who had been serving as interim President since January of 2020 will move on to serve as member of board and Chairman of Audit Committee.
The firm name may sound very familiar to our readers as Green Dot Corporation is well known in market as world’s largest prepaid debit card company in terms of market capitalization. The incoming executive is a veteran in financial service industry with more than 25 years of experience and is well known in the sector as an entrepreneur who founded and led two publicly listed payment service providing firms each worth more than 1 billion USD. Prior to taking up his current role at Green Dot Corp, he served as Chairman of the board at Paysign Inc for nearly two years. Aside from his role at Paysign, he is also senior level board member at Brink’s Inc and Dama Financial for more than two and a half years as per information in his official LinkedIn account. Some of his other notable roles earlier in his career include – President and Chief Operating Officer at Euronet Worldwide where he spent more than decade and Chief Executive Officer of NetSpent for nearly seven years.
Commenting on his new role at the firm, Mr. Dan Henry – newly appointed CEO at the firm said, “I am honored to join Green Dot and look forward to working with the Company’s many talented team members to continue driving the mission of transforming the financial services industry through powerful partnerships and innovative products and services. I see significant potential to build upon Green Dot’s solid foundation that combines its bank charter with its market-leading Banking as a Service FinTech platform”.
Speaking about Dan’s appointment as CEO, Mr. Jacobs – Chairman of the Board of Directors said, “Dan is a highly regarded leader and accomplished executive with operational expertise and over two decades of deep experience in the FinTech space. He is also an innovator who has spearheaded, built and operated two publicly-traded payments companies. The Board and management team are confident Dan is the perfect candidate to lead Green Dot into its next chapter and we want to thank our consultants and other stakeholders, including Starboard Value LP, for their support and guidance during our search process. We could not be more excited to welcome Dan to the Green Dot family”.