OTTAWA — Payments sa¹ú¼Ê´«Ã½ says it has named two interim co-CEOs after chief executive Tracey Black decided not to renew her term.
The organization that runs sa¹ú¼Ê´«Ã½'s payments system says Black, who joined in 2018, will complete her term at the end of March.
Payments sa¹ú¼Ê´«Ã½ says that until a permanent successor is named, the board of directors has appointed Kristina Logue, chief financial officer, and Jude Pinto, chief delivery officer, as interim co-CEOs as of April 1.
During Black's term, Payments sa¹ú¼Ê´«Ã½ rolled out a new high-value payments system called Lynx.
The organization has also been working to bring a modernized, faster payments system, but its rollout has seen multiple delays.
The real-time rail payment system was originally slated to be in place in 2019, but there is no current delivery date after Payments sa¹ú¼Ê´«Ã½ announced an indefinite delay in mid-2023.
This report by The Canadian Press was first published Feb. 7, 2024.
The Canadian Press