Global payments platform Adyen announced that Tom Adams will be taking over as Chief Technology Officer (CTO).

He succeeds Alexander Matthey, who is stepping down after a decade with the company and will conclude his tenure later this year.

Adams previously led engineering at Cash App, a division of Block, where he managed a global team of 1,500 engineers.

In his new role as CTO, he will now oversee the company’s technology strategy and the development of its platform, which integrates payments, data, and financial services.

His appointment has received approval from the Dutch Central Bank and awaits shareholder approval at an upcoming extraordinary general meeting.

“As we look at the opportunity ahead, we find ourselves in a key position to solve for the continued complexity that we see in the payments landscape.

With Tom’s experience in building and leading a global engineering organisation, as well as driving product innovation at scale, we look forward to his contributions as we advance the benefits of our single platform.”

said Pieter van der Does, Co-Founder and Co-CEO of Adyen.

“As the financial services industry continues to digitalise, and as we see shopper expectations continue to evolve, there is immense opportunity to drive innovation in this space.

I look forward to joining this exceptional team to help continue to execute on Adyen’s long-term growth ambitions and to drive customer-led innovations at scale.”

said Adams.

Featured image credit: Edited from Freepik