DailyPay Appoints Nelson Chai as New CEO
DailyPay, the leading provider of On-Demand Pay or earned wage access (EWA), has appointed Nelson Chai as its new Chief Executive Officer. Chai, who joined the company earlier this year as Executive Chairman, brings over three decades of leadership experience from top executive posts at companies like Uber, The Warranty Group, CIT Group, Merrill Lynch, and NYSE.
The newly elected Board Chair, CeCe Morken, expressed confidence in Chai's leadership, believing he is the right choice for DailyPay's next stage of growth. Chai succeeds Stacy Greiner, who helped achieve consistent growth and profitability for the company and will continue to serve as an advisor.
Chai's extensive experience in finance and technology companies, including serving as an independent director at Thermo Fisher Scientific, positions him well to lead DailyPay. He sees a growing demand for evolving employee pay across the global workforce, indicating a promising future for the company's On-Demand Pay benefits, which have been shown to improve employee engagement and retention.
Nelson Chai's appointment as CEO of DailyPay signals a new chapter for the company. With his proven leadership and vision, DailyPay is poised for innovation and growth in the On-Demand Pay market.
