SAN DIEGO, CA, Aug. 16, 2022 (GLOBE NEWSWIRE) -- GreenBox POS (NASDAQ: GBOX) ("GreenBox" or the "Company"), an emerging and rapidly growing FinTech company announced today the appointment of J. Drew Byelick as the organization’s Chief Financial Officer effectively immediately. In conjunction with the appointment, Ben Chung, the Company’s Chief Financial Officer, has resigned effective August 16, 2022.

A seasoned financial executive with a strong record of success, J. Drew Byelick brings a tremendous depth and breadth of functional and industry experiences in startup, middle market, and multisite global manufacturing, service, software, technology, and distribution companies. Most recently, he was Chief Financial Officer at Aero Components where he improved the organization’s practices and led the divestiture process. Prior to that, Byelick held multiple roles at AZZ Inc., a $1 billion global provider of metal coatings, welding services, and engineered electrical equipment serving a broad scope of industries and applications, culminating in the position of Vice President, Chief Accounting Officer. From 2000 to 2015, Mr. Byelick was an independent consultant implementing strategic transitions for middle market private and public companies. He has also held numerous financial and operational leadership roles at Invensys, Plc. and Schlumberger, Ltd. and has a BS in Accounting from Lehigh University, as well as an MBA from Fordham University and is a licensed CPA.

“We thank Ben for his contribution to GreenBox and wish him the best of luck as he pursues other interests,” said GreenBox Chief Executive Officer, Fredi Nisan. “While Ben will be missed, we are fortunate to have found an experienced CFO in Drew and are pleased to have someone of his caliber and financial skillset join our team. We believe his concentrated experience in the software and technology industry will be fundamental as we integrate our recent acquisitions and continue to explore future transactions that add to our processing volume, technology suite and licensing assets. We anticipate a smooth transition with Drew which will allow us to continue working toward our long-term expansion objectives.”

“GreenBox is in the midst of both growth and massive transformation,” Byelick added, “allowing me a tremendous opportunity to apply my financial industry experience at a company with global development in one of the most exhilarating and rapidly evolving industries. The company has made impressive progress in a relatively short period of time. Expanding its payment processing footprint to approximately $2.0 billion in processing volume last year and acquiring a key asset such as Transact Europe, which positions the company for immense growth domestically and globally. GreenBox is poised for an incredible journey ahead and I’m truly thrilled to be working with this talented team as we realize the company's next phase of growth.”