Paul Vessey served as an Independent Director on the Interac Corp. Board of Directors since it was established in 2018 under Interac Corp. Now, he leads the esteemed team of professionals after being appointed Chairperson at the March 2020 Interac Corp. Board Meeting.
Paul brings 40-years of experience in the financial industry, including Chief Operating Officer at Visa USA Inc., to his role on the Board, which is comprised of eight Nominee Directors from our major institutional shareholders, Interac President & CEO Mark O’Connell and four Independent Directors, including Paul. At Visa USA, Paul had strategic oversight into emerging markets, product development, systems, processing, risk and operations. His experience leading a global payments technology company will be a dynamic force as Interac solidifies its leadership role in the way Canadians exchange value.
Interac also welcomed William (Bill) G. McEwan, accomplished long-term CEO, to join its Board of Directors as an Independent Director.
Bill brings extensive experience from the retail and grocery sector to his position on the Board, including serving as the President & Chief Executive Officer and Director of Sobeys Inc., a leading Canadian grocery retailer and food distributor. With his strategic oversight, executive leadership and food-focused growth initiatives, Sobeys grew into a $17 billion organization.
Bill is also Vice Chair of the Ahold Delhaize’s Board of Directors, a world-leading food retailer based in the Netherlands with brands across Europe, United States and Asia. This follows a varied and successful retail career in store, operations, merchandising, procurement and general management roles. With his unique industry acumen, Bill will support the Board and the Interac leadership team in their commitment to driving innovation forward for Canadians.
During his two-year tenure, outgoing Chairperson Michael E. Roach witnessed a “a keen drive to succeed and winning attitude through the company.” This perspective is echoed in the Board’s many achievements, including supporting and approving the acquisition of 2Keys, the first acquisition in the history of Interac. In recognition of Michael’s leadership, Interac established a scholarship at his alma mater Laurentian University. Learn more about the Dr. Michael E. Roach Scholarship here.
Learn more about the milestones Interac achieved in FY2019 in the Corporate Year in Review.