Ingenico Announces Leadership Transition Plan

Ingenico, a global leader in payments acceptance solutions, announced today that Matthieu Destot will step down as Chief Executive Officer and as a member of the Supervisory Board (the “Board”), effective immediately. The Board will conduct a search for a permanent successor. During the transition period, the Board has appointed Rolf Stangl and Gerrard Schmid, current members of Ingenico’s Board and two executives with a strong track record as CEOs of global companies, as interim co-CEOs. Together, they will ensure business continuity and a smooth transition, and will continue to advance Ingenico’s strategy.

Ingenico’s Supervisory Board commented on the announcement: “Matthieu Destot has been a strong leader for Ingenico, and we thank him for his significant contributions since joining the company in 2019. Matthieu led Ingenico through the Covid-19 pandemic and successfully navigated supply chain disruptions, while continuously focusing on innovation and customer needs. He has successfully defined and started executing the Ingenico strategy to transition from the global leader in payment terminals to the leading software and services provider and technology enabler in the payments ecosystem. Matthieu accomplished his mission of leading the business through the sale and carve-out process from Worldline, as well as strengthening the team and launching a comprehensive transformation program to prepare the company for its next stage of growth as a leader in global payment solutions and in-store payments orchestration by launching the PPaaS (Payments Platform as a Service) initiative.

Now that the New Ingenico embarks on its exciting standalone journey and accelerates its transition towards deeper products, software and services proposition and payments orchestration, the Board and Matthieu have mutually agreed for a leadership transition. Matthieu will be pursuing other interests for personal reasons. To further drive Ingenico’s transformation, the Board will be looking for a permanent CEO with broad technological, operational and industry expertise as we continue to strengthen the company’s leadership team in the Paris global headquarters. During this period, Ingenico will greatly benefit from Rolf and Gerrard’s extensive executive experience, including their deep knowledge of the payments space and track record in transforming and optimizing businesses. As interim co-CEOs, they will continue focusing on delivering best-in-class customer service while executing Ingenico’s transformation plan and mission to be the most trusted technology partner in payment acceptance and beyond.”

Matthieu Destot stated: “Ingenico is a truly outstanding company and a clear global leader with talented employees, strong culture of innovation, and consistently high-quality offerings. It has been an honor to serve as the company’s CEO and lead Ingenico through the carve-out process. I am proud of what we have accomplished together and grateful for our global team’s trust and dedication throughout this complex journey. Today, Ingenico is stronger than ever and ready to embark on the next phase of its transformation. I am very optimistic about Ingenico’s future and in the company’s ability to address the evolving payments landscape and deliver industry-leading products and services to customers, and I wish the Ingenico family all the best.”

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