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Green Dot Hires Former NetSpend Boss Dan Henry as New CEO

Published on Thursday, March 26, 2020 | 4:49 am
 

Green Dot Corporation, a national financial technology leader based in Pasadena, has appointed payments veteran Daniel Henry as CEO and President effective March 25, to succeed William I. Jacobs, who has served as interim CEO since January 2020.

Henry will also join the Board of Directors. Jacobs will remain Board Chair, a position he’s held since 2016. J. Christopher Brewster, who has served as interim president since January 2020, will transition to his role as board member and chair of the Audit Committee.

The leadership transition is the result of a comprehensive search process, Green Dot Corporation said in a statement Wednesday.

“Dan is a highly regarded leader and accomplished executive with operational expertise and over two decades of deep experience in the fintech space,” Jacobs said. “The Board and management team are confident Dan is the perfect candidate to lead Green Dot into its next chapter and we want to thank our consultants and other stakeholders, including Starboard Value LP, for their support and guidance during our search process.”

“I am honored to join Green Dot and look forward to working with the company’s many talented team members to continue driving the mission of transforming the financial services industry through powerful partnerships and innovative products and services,” Henry said. “I see significant potential to build upon Green Dot’s solid foundation that combines its bank charter with its market-leading Banking as a service fintech platform.”

Henry was former CEO of Netspend, a leading provider of prepaid debit cards for personal and commercial use, from 2008 to 2014. In 2010, he led Netspend through its initial public offering, and in July 2013 completed an all-cash sale of the company to TSYS Corporation.

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Prior to Netspend, Henry co-founded Euronet Worldwide, which handles secure electronic financial transaction processing, where he served as President and Chief Operations Officer until the end of 2006; he remained on the Euronet board until 2008.

Henry has been Chairman of Paysign Inc., a vertically integrated provider of innovative prepaid card programs, digital banking and processing services for corporate, consumer and government application, since 2018. He also has been a director of The Brink’s Company since 2017.

Headquartered in Pasadena, Green Dot Corporation has additional facilities throughout the U.S. and in Shanghai, China.

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