- Push-out Score determined
- After less than three years in the position
- George Gresham taking over
(exechange) — Austin, Texas, October 17, 2022 — Dan Henry, chief executive of Green Dot, leaves. As announced by Green Dot Corp. in a news release on Monday, October 17, 2022, Dan R. Henry has left his post as chief executive officer at the digital bank and fintech, after less than three years in the role, effective October 14, 2022.
Dan Henry’s duties as CEO will be taken over by George Gresham, most recently Chief Financial and Operating Officer at Green Dot Corp.
Gresham will continue to serve as Chief Financial and Operating Officer on an interim basis until a successor is appointed.
“Appreciation for the strengths of its dedicated team members”
Green Dot did not give an explicit reason for Dan Henry’s departure from the CEO post. William I Jacobs, Chairman of the Board of Directors, said: “As Green Dot’s Chief Financial and Operating Officer and a member of the Board, George has deep experience with Green Dot and its strategy and an appreciation for the strengths of its dedicated team members.”
Precise information regarding Dan Henry’s future plans was not immediately available.
“Terminated”
Green Dot said: “George Gresham, who has served as Green Dot’s Chief Financial and Operating Officer and as a member of the Board of Directors since October 2021, has been appointed as Chief Executive Officer and President, effective as of October 14, 2022. Mr. Gresham succeeds Dan R. Henry, who was terminated as Chief Executive Officer and President of Green Dot and resigned as a member of Green Dot’s Board of Directors, effective the same date.”
Share price decline since October 2020
The announcement follows a decline in Green Dot Corp.’s share price of 63% since October 2020.
In the position of CEO since 2020
Dan Henry became CEO of the Company in 2020.
Dan R. Henry has served as a director and the Company’s President and Chief Executive Officer since March 2020.
Prior to joining Green Dot, Henry co-founded and served as Chairman and Chief Executive Officer of Dama Financial in March 2017, a financial services provider, and continued in that role until March 2020.
Prior to Dama Financial, Henry served as the Chief Executive Officer of NetSpend Holdings, Inc., a prepaid debit card provider, from January 2008 to August 2014.
Prior to his time at NetSpend Holdings, Inc., Henry co-founded Euronet Worldwide, Inc., a provider of secure electronic financial transaction processing services, and he served as the President and Chief Operations Officer from May 1996 to December 2006 and as a member of the board of directors until 2008.
Since May 2018, Henry has served as the Chairman of Paysign Inc., a vertically integrated provider of innovative prepaid card programs, digital banking and processing services for corporate, consumer and government application.
Henry also previously served as a director of The Brink’s Company, the global leader in total cash management, route-based secure logistics and payment solutions, from September 2017 to April 2020.
Henry holds a B.S. in business administration with majors in finance, economics and real estate from the University of Missouri-Columbia.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Dan Henry’s move on a scale of 0 to 10.
exechange reached out to Green Dot and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 43.2022 ($).