Payment technology company Nuvei Corporation (TSX:NVEI) has announced senior leadership team changes. Yuval Ziv, the Company’s Managing Director, Digital Payments, is promoted to President in a newly-created global role.
Praful Morar, the Company’s Chief Strategy Officer in Digital Payments, is appointed Global Expansion Officer and Netanel Kabala is appointed Chief Data and Analytics Officer. In addition, Mark Pyke, President, North America, will retire at the end of March. His role will not be replaced.
As President, Ziv will lead worldwide product, sales, marketing, client engagement and artificial intelligence-led capabilities. He has been with the Nuvei group of companies for the past 15 years driving payments technology development across multiple industries. While at SafeCharge, acquired by Nuvei in 2019, he served as Group Chief Commercial Officer and Group Chief Operational Officer following a number of risk and compliance, and business development roles.
Morar is relocating from London, United Kingdom, to Singapore in his new role as Global Expansion Officer. He will be responsible for driving Nuvei’s international growth in target markets across Asia Pacific, the Middle East and North Africa.
Kabala was a co-founder of Israeli fintech startup Simplex, which Nuvei acquired in September 2021. In his new global role, he will spearhead Nuvei’s data and analytics, risk scoring and modelling as the Company continues to grow data-led services through its leading-edge technology while responding to the evolving real-time payment needs of businesses and merchants around the world.
“I am delighted to welcome Yuval, Praful and Netanel into their new roles, which align with our long-term business strategy and pave the way for an exciting future for our company, our employees, partners and businesses we serve,” said Philip Fayer, Nuvei’s Chair and CEO.
“Their appointments strengthen our senior management team and support our momentum as we focus on powering commerce for a global customer base and accelerating our product innovation with a focus on high-growth verticals in fast-growing markets. I would also like to thank Mark personally and on behalf of Nuvei for his service, and wish him all the best in his retirement,” stated Fayer.