Wednesday, June 12, 2024
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IPC appoints Kurt Adams as new CEO

  • New CEO Appointment:
    • Kurt Adams named CEO of IPC, succeeding Bob Santella after his six-year tenure.
    • Adams brings over 25 years of fintech leadership experience, including roles as CEO of Optum Financial and CEO of corporate payments for Fleetcor Technologies.
  • Previous Roles:
    • Adams has held leadership positions at Elavon Financial Services, ABN Amro, Piper Sandler, and US Bank.
  • New Board Appointments:
    • Stuart Harvey, former CEO of Elavon Global Acquiring, appointed chairman of IPC’s board of directors.
    • Michael Chin, CEO of Duco, appointed as IPC board member.
  • Ownership Change:
    • Leadership changes follow Strategic Value Partners (SVP) taking full control of IPC four months ago.
  • Comments on Transition:
    • Jonathan Waggoner, managing director at SVP, notes the timing is right for the transition to Adams, who is seen as well-suited to lead IPC’s next growth phase.

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