Analyst Summary
- Morgan M. (Mac) Schuessler, Jr. was elected to the Board of Directors of Deluxe Corporation, effective February 21, 2025.
- Mr. Schuessler qualifies as an independent director under NYSE listing standards.
- Mr. Schuessler has extensive experience in the payments and financial technology industry, currently serving as CEO, President, and director of Evertec Group.
- He previously served as President, International, at Global Payments and held leadership positions at American Express Corporate Services.
- Mr. Schuessler was appointed to the Audit and Finance Committee and Corporate Governance Committee, effective April 23, 2025.
Potential Implications
Company Performance
- Mr. Schuessler’s experience in the payments and financial technology industry is expected to support Deluxe’s accelerating payments business growth.
- His expertise may contribute to the future strategy of Deluxe as a Payments and Data company.
Stock Price
- The addition of a seasoned payment executive to the board could positively influence investor confidence.
- The announcement highlights Deluxe’s focus on its payments business, which may attract investors interested in this sector.