Deluxe (NYSE: DLX) has announced the election of Morgan M. “Mac” Schuessler to its Board of Directors. Schuessler brings more than three decades of experience in the payments and financial technology industries, including his current position as Chief Executive Officer, President, and director of Evertec Group, a position he has held since 2015. He previously served as the President, International, at Global Payments between 2005 and 2014 and held multiple leadership positions with American Express Corporate Services.
Deluxe President and CEO Barry McCarthy has expressed his pleasure in adding Schuessler to the board, stating that his experience and industry depth will support the company's accelerating payments business growth.
Meanwhile, Cheryl Mayberry McKissack, Chair of the Deluxe Board of Directors, has praised Schuessler's wealth of knowledge and experience in the payments space. She mentioned that his addition to the board is part of the company's focus on finding board members who can help realize its vision as a trusted Payments and Data company.
The press release also highlighted Schuessler's service on the boards of Endeavor Puerto Rico, Smithsonian National Board, and Wharton Executive Education. He holds a bachelor's degree from New York University and an MBA from Emory University Goizueta Business School, where he served on the Dean's Advisory Board for 13 years. Additionally, he completed the General Management Program at the Wharton School.
Deluxe, a trusted Payments and Data company, supports millions of small businesses, thousands of vital financial institutions, and hundreds of the world’s largest consumer brands. The company processes more than $2 trillion in annual payment volume and its powerful scale positions Deluxe to be its customers’ most trusted business partner. Following these announcements, the company's shares moved -1.7%, and are now trading at a price of $17.06. For more information, read the company's full 8-K submission here.
