8-KLeadership ChangesRegulation FDExhibits & Filings

GLOBAL PAYMENTS INC 8-K Report, Executive Changes (Nov 8, 2023)

Filed November 8, 2023For Securities:GPN

Summary

This 8-K filing from Global Payments Inc. (GPN) announces a significant leadership change within its technology division. Guido Sacchi, the current Senior Executive Vice President and Chief Information Officer, will retire effective December 31, 2023, after a distinguished tenure. He will transition to a senior advisor role to ensure a smooth handover through February 2024. Investors should note the strategic appointment of Shannon Johnston as his successor, effective January 1, 2024. Ms. Johnston, with her extensive experience within the company since 2016, most recently as Executive Vice President, Chief Digital Officer and Deputy Chief Information Officer, is well-positioned to lead the company's technological strategy.

Key Highlights

  • 1Guido Sacchi, Senior EVP & CIO, to retire effective December 31, 2023.
  • 2Dr. Sacchi will serve as a senior advisor during a transition period through February 2024.
  • 3Shannon Johnston appointed as the new Senior EVP & CIO, effective January 1, 2024.
  • 4Ms. Johnston has held various senior leadership roles at Global Payments since 2016.
  • 5Her most recent role was EVP, Chief Digital Officer and Deputy CIO.
  • 6The company intends to enter into an employment agreement with Ms. Johnston for her new role.
  • 7The filing confirms no reportable family relationships or transactions between Ms. Johnston and the Company under Item 404(a).

Frequently Asked Questions

Guido Sacchi has decided to retire as Senior Executive Vice President and Chief Information Officer of Global Payments Inc. The company's filing indicates this is his personal decision to retire.

Shannon Johnston will take over as the new Senior Executive Vice President and Chief Information Officer, effective January 1, 2024.

Shannon Johnston has been with Global Payments since 2016 and has held several senior leadership positions, most recently serving as Executive Vice President, Chief Digital Officer and Deputy Chief Information Officer.

Yes, Dr. Sacchi is expected to continue to serve as a senior advisor to assist with the transition through February 2024.