ATLANTA--(BUSINESS WIRE)--Payments innovator BitPay, Inc. is pleased to announce that Carl Stern has been elected to BitPay’s board of directors.
Carl has been shaping strategic business thinking for more than 40 years. He has spent most of his career with The Boston Consulting Group, serving 6 years as CEO and 8 years as Chairman. Currently Chairman of Carl W. Stern Associates LLC, Carl assists several global companies in developing competitive strategies for their businesses and shaping their corporate portfolios.
Carl served in the U.S. Navy as a lieutenant. He has an M.B.A. from the Stanford University Graduate School of Business and a B.A. in Economics cum laude from Harvard University.
Carl joins BitPay as the company prepares for accelerated growth in 2017. As a board member, Stern will participate in guiding the company's executive decisions on investment, hiring, and business partnerships in the year ahead and beyond.
"Given Carl’s expertise and experience, we look forward to his contributions as a member of our board of directors,” said Stephen Pair, BitPay’s CEO. “As we continue to form partnerships in the financial world, Carl’s perspective and insight will add great value in helping to guide BitPay in the years ahead.”
"I'm excited to see how BitPay's technology is making transactions more secure and efficient around the world," said Stern. "I'm proud to be joining the company's board as it continues to lead the way in changing how online payments work."
BitPay provides innovative tools for digital payments in ecommerce, business to business, and supply chain transactions. The company processes payments for industry giants like Microsoft, Valve, and PaySafe.
Bitpay has offices in North America, Europe, and South America and has raised over $32 million from top investors including Index Ventures, Founders Fund, and Sir Richard Branson.