Interac Corp. announced this week that Jeremy Wilmot has been appointed as the company’s new President and Chief Executive Officer and Director of the Board.
Wilmot takes over from Mark O’Connell in August. O’Connell is slated to retire later this year.
“Jeremy is a seasoned leader who has worked on the leading edge of technology and payment innovation in competitive global markets,” said Paul Vessey, Chair of the Interac Board of Directors, “and his deep experience will serve the company well as it embarks on its next phase of growth.”
Interac is positioned for a new phase of growth because of O’Connell, who over 17 years led an evolution of Interac beyond payments, according to a statement from the Canadian fintech titan.
“I … want to pay tribute to Mark O’Connell, a remarkable leader who has built Interac into one of Canada’s leading and most trusted financial brands,” Vessey added.
“Interac plays a critical role in the Canadian fintech ecosystem by connecting buyers, sellers and service providers in ways that deliver shared value to our partners and propel the Canadian economy,” stated O’Connell. “I am immensely proud of the work we have accomplished to enable next-generation digital interactions at scale, and I am pleased that the Board has chosen Jeremy to lead Interac and deliver on this vision today and into the future.”
Wilmot joins Interac from ACI Worldwide, a global leader in payments and real-time payments processing software solutions, where he was most recently Chief Product Officer.
Born in the United Kingdom, Wilmot’s career spans five continents and 30 years, where he has managed global teams and business units.
“Interac connects the fintech ecosystem and I’m delighted to join a company that is collaborative, innovative and progressive at its core,” stated Wilmot. “I look forward to working with the team behind the company’s ubiquitous products and solutions, as well as with our partners and customers, to drive growth and deliver further value in the lives of Canadians.”
With 300 financial institutions connected to a network, Interac products are used 20 million times a day by Canadians to exchange funds.
The payments pioneer was founded in Toronto in 1984.
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