ProducePay has appointed Patrick McCullough as the company’s new chief executive officer. He succeeds Pablo Borquez Schwarzbeck who has served as CEO since founding the company in 2014.
Prior to this appointment, McCullough served as a board member and advisor to ProducePay for two years. He brings to this role more than 25 years of corporate experience and expertise in international business development, structuring and joint ventures from leadership positions held at start-ups and Fortune 500 companies such as Ford Motor Company, Berkshire Hathaway and Just Energy.
“Patrick’s prior experience as CEO, his expertise in customer acquisition and his intimate knowledge of our business, products and mission make the perfect combination of skills to us to new heights,” said executive director of the board Borquez Schwarzbeck. “With Patrick helming the leadership team, ProducePay will accelerate its expansion exponentially in current and new markets and advance its mission to further transform the global produce industry.”
Left to right: Patrick McCullough, Pablo Borquez Schwarzbeck
As a board member and advisor, McCullough has played a vital role in ProducePay's capital raising and more than quadrupling the platform’s Gross Merchandise Value to nearly $4 billion over the past two years. As CEO, he will continue to scale the business, while partnering with Borquez Schwarzbeck and the board to deliver customer and shareholder value.
“I’m proud to take on this role and to extend the company’s growth pathway as we enter new markets and continue providing the produce industry with services that improve their businesses,” said McCullough.
Borquez Schwarzbeck now assumes the role of executive director of the board. In his new role, he will continue to help guide the company’s vision and spend more time listening to customers and advising ProducePay on its services and offerings.
Additionally, co-founder Ben Dusastre will step down as ProducePay’s president to continue his passion for supporting start-up companies. He will, however, maintain a close relationship with ProducePay as a member of the board and part of the company’s Credit Committee.
“Ben has been an amazing partner from our inception and has been a driving force behind the company’s growth. It has been an incredible journey for us to get to where we are now and he will continue to be instrumental to the company’s future success,” said Borquez Schwarzbeck.
These leadership changes come at the end of a banner 2022 year for ProducePay. In all, the company grew YOY by 85 percent and grew overall transactions on its marketplace by 279 percent—driven by growth in North America and launches in new markets in Central and South America. In the past year, ProducePay also launched a new Quick-Pay financing service available on its platform and a carbon offset program for its grower customers.
For more information:
Nadia Jamshidi
ProducePay
[email protected]
https://producepay.com/