AppointmentPayoneer appoints John Caplan as co-CEO
Payoneer appoints John Caplan as co-CEO
Caplan will lead alongside Scott Galit as the company invests to scale for growth
Financial services company Payoneer has announced that it has appointed John Caplan co-CEO and Director, alongside its current CEO Scott Galit, effective immediately. Together the pair will lead as co-CEOs during a transition period through to the end of 2023, when Caplan will take over as sole CEO and Galit will continue at the company in a strategic role.
“I’m thrilled to be joining Payoneer,” said John Caplan. “Payoneer has robust financials, an industry-leading portfolio of services, a large and growing global customer base, and a trusted partnership ecosystem that cannot be easily replicated. We have the can-do spirit, capability, trusted brand, talented and diverse global team to engage and serve businesses worldwide, and in doing so create shareholder value for many years to come.”
It is understood that Caplan will assume leadership over the business organization and core corporate functions, and Galit will continue to oversee Payoneer’s regulated activities and lead the delivery functions of the business. Before joining Payoneer, Caplan was President of North America and Europe at Alibaba.com, the cross-border B2B business unit of Alibaba Group, where he helped it become one of its fastest-growing and most profitable units. He joined Alibaba following its acquisition of OpenSky, an SMB platform he founded in 2009.
“I have known John professionally for several years and have great admiration and respect for his accomplishments and his values,” added Scott Galit. “We share a vision of how the digital world is transforming global commerce, how SMBs have a bigger role to play, and how today’s great companies must be built around customer and employee centricity. The opportunities in front of Payoneer and our customers are vast. The Board of Directors and I believe the next decade will require transformational leadership to match those opportunities. I am excited to partner with John as Payoneer continues to build a platform tailor-fit for the new global economy.”
Its Chairman Avi Zeevi added: “I am delighted to welcome John to Payoneer. He is an inspiring leader and experienced company-builder. Payoneer is a global brand trusted by millions of businesses in over 190 countries and territories worldwide. The Board is confident John and Scott will be a great team that will leverage Payoneer’s assets and current momentum to lead us into our next chapter of growth.”
Payoneer was founded in 2005 aa d helps businesses with their digital commerce and borderless payments. Its customers include leading brands such as Airbnb, Amazon, Google, Walmart, and more.