Former Sportradar CFO pivots to Paysafe
Paysafe has recruited former Sportradar CFO Alex Gersh as its new chief financial officer.
Gersh will join the New York-listed payments specialist on 3 October 2022 and will report into Paysafe CEO Bruce Lowthers.
Gersh is a finance veteran with an impressive track record at online gambling companies.
He arrives at Paysafe from data provider Sportradar, where he led the company’s US IPO on Nasdaq during a two-year stint as CFO.
He previously held the same role at Betfair and then Paddy Power Betfair between 2012 and 2018.
Gersh also boasts extensive experience outside of iGaming. He was the CFO of Flag Telecom in the early noughties before a seven-year spell with pay TV software supplier NDS Group.
In May 2019, he joined car sales disruptor Cazoo as CFO and is also a non-executive board member and audit committee chair at The Restaurant Group.
Paysafe CEO Bruce Lowthers: “Alex is a highly talented finance executive with a proven track record of driving growth for the international companies he has helped to lead.”
Paysafe CEO Lowthers said: “Alex is a highly talented finance executive with a proven track record of driving growth for the international companies he has helped to lead.
“I know he will be a real asset to our team as we continue our path to accelerate growth and drive long term value for all our stakeholders.”
Gersh is set to replace Paysafe CFO Izzy Dawood, who will leave the company later in the year.
Gersh commented on his appointment: “Paysafe has a highly diversified and relevant digital payments offering in the specialised industries it focuses on including gaming and entertainment.
“I have been fortunate to have worked for some of the biggest brands in these sectors and I very much look forward to bringing my knowledge and insights to my new role at Paysafe and being part of this ambitious company’s future growth story,” he added.
Sportradar first announced that Gersh would be leaving his position with the data supplier alongside the release of its Q2 2022 financial results in August.