Deluxe announced on January 28, 2025, the election of Hugh S. "Beau" Cummins III to its Board of Directors, effective February 21, 2025. Mr. Cummins brings 36 years of banking industry experience, including his role as Vice Chair and Chief Operating Officer of Truist Financial Corporation.
Mr. Cummins' experience in operational services, enterprise transformation, and payments is expected to be a valuable addition as Deluxe continues its strategic evolution into a payments and data leader. His expertise in navigating change and ensuring operational excellence is welcomed.
Additionally, William C. Cobb and Martyn R. Redgrave notified the Board on January 22, 2025, that they would not stand for re-election at the company's 2025 Annual Meeting of Shareholders. These changes reflect an evolution in the board's composition.
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