Paysafe Limited announced that fintech industry leader, Bruce Lowthers, has been appointed as Chief Executive Officer and Executive Director of Paysafe. Lowthers, who will join the company by May 1, 2022, succeeds Philip McHugh, who is stepping down as CEO and as a member of the Company's Board of Directors. The CEO transition builds on the recent appointment of Daniel Henson as Non-Executive Chairman in March.

Throughout his career, Lowthers has earned a strong reputation as a results-focused leader who has driven transformation, innovated at speed and enhanced customer experiences for multiple global organizations. He joins Paysafe after a 15-year tenure at FIS, one of the world's leading fintech companies, where he modernized and accelerated the growth of the Fortune 250 company. Lowthers succeeds Philip McHugh, who led Paysafe through the pandemic and took the company public, positioning it for its next phase of growth.