REPAY Holdings Corporation announced that Tim Murphy will step down from his role as Chief Financial Officer, effective May 15, 2025. Mr. Murphy is leaving to pursue an opportunity outside the payments industry with a private equity-backed company. He served as CFO since 2014, guiding the company through its public listing in 2019 and completing eleven acquisitions.
Mr. Murphy will remain with REPAY until May 15, 2025, to ensure a smooth transition. Upon his departure, Thomas Sullivan, the company’s current Chief Accounting Officer, will be appointed as Interim Chief Financial Officer. A search process for a permanent replacement is underway.
John Morris, CEO of REPAY, expressed gratitude for Mr. Murphy's contributions over more than eleven years, highlighting his essential role as the company's first CFO. The company is focused on finding the right candidate to lead its financial organization moving forward.
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