Global Payments extends CEO’s deal, but COO plans to step down
David Mangum will be leaving his post as president and chief operating officer of Global Payments, an announcement that came on the same day it inked deals to retain other top execs, including CEO Jeff Sloan.
The Atlanta-based payment and technology company did not give a specific timeframe for his departure and also did not provide a reason.
Sloan and Cameron Bready, senior executive vice president and chief financial officer, have extended their employment agreements through August 2021. They will also assume Mangum’s primary responsibilities.
Global Payments did not disclose other details about how Mangum’s role will be filled.
Global Payments has made several moves recently to pair its technology with multi-channel payments for specific purposes. For example, it invested $1.2 billion to acquire the communities and health and fitness units of ACTIV Network, giving Global Payments inroads to sports events such as marathons and charity races.