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Benzinga
Benzinga
Business
Adam Eckert

Why Paysafe Stock Is Rising After Hours

Paysafe (NYSE:PSFE) shares are trading higher in Thursday's after-hours session after the company announced it appointed Bruce Lowthers to CEO and reaffirmed guidance for the first quarter and full-year 2022.

Lowthers, who will join the company by the beginning of May, will succeed Philip McHugh, who is stepping down as CEO and as a member of the company's board.

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