MALVERN, Pa. — The Board of Directors for USA Technologies Inc. (USAT), a cashless payments and software services company that provides end-to-end technology for the self-service retail market, including Laundromats, has named Sean Feeney the company’s new chief executive officer.
Douglas Bergeron, who was named board chairman in late April, says USAT is on the “threshold of a great, new chapter.”
“Sean joins as CEO after an extensive search, involving a wide range of outstanding candidates,” Bergeron says. “He is a proven business leader with a deep background in both technology and financial services. Sean has demonstrated success in building great companies, assembling world-class management teams, and reinvigorating culture, while delivering a strong record of metrics-driven performance. His focus on accountability and profitable growth makes him the right choice to lead USAT into the future.”
Feeney served as CEO of GT Nexus, a cloud supply chain platform, tripling the company’s revenue and overseeing its sale to Infor in 2015. Most recently, he was CEO of DefenseStorm Inc., a cybersecurity management platform providing cloud-based and compliance-automated solutions to financial institutions.
Other career stops include having been an operating partner at Golden Gate Capital, interim CEO at Critigen, CEO at Inovis, and in senior management at CheckFree.
“I am honored and enthusiastic to lead USAT through its next evolution,” says Feeney. “There are countless ways that we can build a world-class organization that continues to best serve our customers’ needs while creating significant value as we rapidly grow USAT while increasing the company’s profitability and amplify its leadership position in the payments and unattended retail marketplace.”
Feeney has a B.S. degree in engineering from the United States Military Academy at West Point, and served as an Army officer for six years. He is a past chairman of the Technology Alliance of Georgia (TAG).
Don Layden, who had served as USAT CEO since October 2019, resigned from the position and also from the Board of Directors. He had replaced Stephen Herbert, who stepped down after 23 years with the company.