Paysafe Limited has announced the appointment of Daniel Henson as Non-Executive Chairman of the NYSE global payments group, replacing William P. Foley II.

The decision was formally disclosed yesterday, as Paysafe published its full-year 2021 results in which the group suffered net income losses of $110 million.

Paysafe has published a statement regarding its Chairman succession, informing its investors that Foley had resigned from all governance duties as of 1 March to ‘focus on other commitments.’

Having led the merger of Paysafe with SPAC vehicle Foley Trasimene Acquisition II Corp – Foley had served as Chairman of the payments group that re-listed on NYSE last March.

As part of a new board, Foley’s successor Henson was appointed as director with responsibility for overseeing the nomination and governance committee.

Henson is a former 30-year General Electric (GE) senior executive, who has held leadership positions across the financial services and technology units of the US Fortune 500 conglomerate.

Following his tenure at GE, Henson served as a corporate advisor/director for Healthcare Trust of America and North American small business loans provider OnDeck Capital

 “This is an exciting time to be joining the Paysafe Board. The company benefits from unique specialized payments and ecommerce offerings which set it apart from other players in the industry and position it well for future growth. I look forward to leading the Board at this momentous time.” – Henson commented.

Henson will support Paysafe’s leadership team led by Chief Executive Philip McHugh – in which the NYSE group has outlined its objective to become the lead payment solutions provider for the US wagering market servicing its land-based and digital customers

“On behalf of the entire Paysafe team, I’d like to thank Bill for the leadership and vision he has brought to Paysafe to date during his time as our chairman – it has been a real privilege to work with him,” said McHugh.

“Since listing on the NYSE last year, we have made some exciting investments and have a lot of momentum behind us. Dan is an entrepreneurial and proven executive and will be a great asset to our board as we take Paysafe to its next level of growth.”