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Payments companies ACI Worldwide, Bill and Corpay all announced this month that they would bring on new chief financial officers from other companies as the U.S. economy is poised to make their jobs harder.
At payments technology provider ACI Worldwide, Robert “Bobby” Leibrock was appointed chief financial officer, effective July 1; business-to-business payments services firm Bill tapped Rohini Jain as its new CFO, effective July 7; and Corpay selected Peter Walker for the role, effective July 21, according to press releases from the companies.
The new financial chiefs will take over as the U.S. economy is poised to keep them guessing. An on-again-off-again trade-tariff war started by President Donald Trump’s administration has touched off a volatile stock market and contributed to concerns about inflation. JPMorgan Chase, the largest U.S. bank, predicted last month that there was a 40% chance the economy would drop into a recession this year.
None of the companies promoted internal candidates for the top finance post, and some of the new chiefs don’t have payments industry experience, though they’ve all been active in the technology sphere. While Jain is joining Bill from digital payments pioneer PayPal Holdings, Walker is coming to Corpay from educational technology company Instructure and Leibrock boards ACI from IBM subsidiary Red Hat, according to their LinkedIn profiles.
“Bobby’s appointment signals the next chapter in ACI’s strategic transformation,” ACI CEO Tom Warsop told employees in a June 10 note regarding Leibrock’s hire. “His expertise in scaling SaaS-driven business models, investing in cloud and AI capabilities, and guiding global innovation will help us accelerate the development of modern, intelligent payment infrastructure.” The CEO also said in the release that he was counting on Leibrock’s “financial discipline” in pursuing the company’s growth strategy.
The stablecoin infrastructure provider Bastion also hired a finance department professional this month, appointing Vince Tejada as its head of treasury and strategic finance.
The digital asset industry, including stablecoins and other cryptocurrencies, will likely see new client interest as a result of Trump’s embrace of digital assets and the current congressional push to create a regulatory regime for stablecoins.
