Evertec promotes CFO Joaquin Castrillo to COO, names new CFO

SAN JUAN - Payment processor EVERTEC, Inc. (NYSE:EVTC), currently trading at $33.62 and showing strong financial health according to InvestingPro metrics, announced Thursday that current Chief Financial Officer Joaquin Castrillo will be promoted to Chief Operating Officer effective November 1, 2025, while Senior Vice President Karla Cruz-Jusino will succeed him as CFO.

In his new role as Senior Executive Vice President and COO, Castrillo will continue reporting to President and CEO Mac Schuessler and will assume responsibility for all of Evertec’s commercial areas, according to the company statement.

Cruz-Jusino, currently Senior Vice President and Chief Accounting Officer, will oversee Evertec’s financial management functions, including finance and accounting, treasury, tax, and investor relations in her new position.

"These internal promotions reflect the strength and depth of our leadership team and allow for the consolidation of our organic growth areas under Joaquin’s leadership while ensuring the continuity of excellence in our CFO function with the promotion of Karla," said Schuessler in the press release.

Castrillo has been with Evertec for more than 13 years, serving as CFO since August 2018, while Cruz-Jusino joined the company in July 2019.

Evertec provides transaction processing and financial technology services across Latin America, Puerto Rico, and the Caribbean. The company operates the ATH network and processes over ten billion transactions annually through its electronic payment networks and core banking services. With revenue growth of nearly 13% in the last twelve months and a P/E ratio of 15.8, InvestingPro analysis suggests the stock is currently undervalued. For detailed insights and additional metrics, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, Evertec, Inc. reported its second-quarter 2025 earnings, surpassing analyst expectations with an adjusted earnings per share of $0.89, compared to the forecast of $0.85. The company’s revenue reached $230 million, exceeding the anticipated $222.23 million. Evertec also completed the acquisition of a controlling stake in Tecnobank Tecnologia Bancária S.A., a fintech vendor in Brazil, through its subsidiary Evertec Brasil Informática S.A. This acquisition was valued at approximately $144 million for a 75% ownership stake. Additionally, Evertec disclosed unauthorized transactions at its Brazilian subsidiary Sinqia S.A., involving approximately R$710 million in unauthorized transactions. The Brazilian Central Bank has halted Sinqia’s transaction processing in its Pix environment pending further review. In corporate developments, Joaquín A. Castrillo has been appointed as Senior Executive Vice President and Chief Operating Officer, effective November 1. These developments highlight significant changes and challenges for Evertec in recent times.

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