Well after a bit of time in stealth I am finally able to announce that I have taken the position of Chief Technology Officer at First Data.
After being asked to join the Turn-Around team at AOL and driving some amazing results over the past four years, it was time for a change. I absolutely loved my time there and the people were amazing. Success has a quality all on its own and it was an incredibly personally rewarding experience for me to be a part of something that unique.
The move to First Data is an incredibly exciting move for me for many different reasons but one of the key drivers for me is that I feel that this industry is ripe for change. Itâ€™s a move for me from running and building large scale Internet products and infrastructure to the Financial Services Industry.
For those of you who may be be unaware of who First Data is, or what they do, its probably easiest to think of it this way â€“ one out of every two credit card or debit card transactions across the world touches our infrastructure at some point in the transaction process. From a transactional scale perspective its very similar to what I have been used to companies likes AOL, Microsoft, and Disney. The difference being of course that these transactions are a little more important than checking your favorite sports scores, or getting your e-mail.
My challenge of course is to drive automation. To build a platform that makes infrastructure a decisive and differentiating platform to launch products and services. To create a learning infrastructure and software eco-system that gets smarter over time. In large part how do you blend the agility of the Internet with the maturity and complexity of the Financial Services Industry. Sure itâ€™s a complex technical problem space, but it has some very interesting business and regulatory challenges as well. In many respects dealing with Safe Harbor, Regulatory and tax has been part of my job for many years. The challenge now is to take that automation to the next level.
To that end I have to say that First Data is assembling an amazingly formidable team to drive this change. I will be reporting to the President of First Data, Guy Chiarello. Guy is a universally respected Technology leader in the Financial Services industry with top posts at Morgan Stanley and JP Morgan Chase. Technology will be key to the success of the company and the leadership team is a unique blend of technology savvy leaders from across the world.
The new adventure begins!
You can follow the link to the official press announcement.
Along with the initial pickup from the Wall Street Journal.