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Growth leadership and technology market expert hired to lead the company's global financial operations and corporate development strategies
ATLANTA, Jan. 31, 2023 /PRNewswire/ -- Vesta, the world's leading transaction assurance platform for online purchases, today announced the hiring of corporate transformation leader Shimon Steinmetz as Chief Financial Officer.
Steinmetz brings more than 20 years of experience working with management teams and private equity investors to drive operational performance and maximize shareholder value. Most recently, Steinmetz was a senior director at Alvarez
Steinmetz's previous experience as CFO includes serving as CFO of MerchantE in Atlanta, GA, where he executed a business transformation that resulted in a significant increase in company value, as well as CFO of Finjan Holdings, a cybersecurity company based in behavior that went public on Nasdaq under the leadership of Steinmetz.
"We are delighted to have Shim join our management team at an exciting time of growth for the company," said Ron Hynes, Vesta's CEO. "He has a stellar track record of tangible results and long-term sustainable value creation. The breadth of his experience will be invaluable in supporting our operations to meet global demand for our services."
As CFO, Steinmetz will lead Vesta's global finance organization and activities including performance improvement, finance operations, corporate development, investor sourcing, technology transformation, stakeholder management, and more. He will report directly to the company's CEO, Ron Hynes, and will be based out of Vesta's office in Atlanta, GA.
"I am delighted to join a company that is working to help businesses grow and succeed around the world by eliminating fraud and increasing approval rates," said Shimon Steinmetz, Vesta's CFO. I look forward to supporting the company's operations as it continues to grow and solidify its leadership within the fraud prevention and transaction approval ecosystem, across all industries."
Steinmetz began his technology career as an investment professional at TH Lee Putnam Ventures and as a technology investment banker at Cantor Fitzgerald. Previously, he worked in fixed income capital markets at Salomon Smith Barney and in investment banking at Goldman Sachs. He earned his MBA from the University of Chicago Booth School of Business and his BA from Yeshiva University.
About VestaVesta is a global transaction assurance company for online purchases, delivering unprecedented approval rates and a frictionless customer experience, while eliminating chargebacks and other forms of digital fraud. Differentiated by its sophisticated data science and more than 25 years of experience, Vesta brings deep insight into some of the world's most serious threats and most challenging markets. Leading brands in e-commerce, travel, financial services and telecommunications trust Vesta to make accurate decisions and ensure 100% real-time transaction and revenue protection. For more information, visit the website at www.vesta.io.
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