Deluxe has appointed Eric Cummins as CEO as the company emerges from its Chapter 11 bankruptcy process.
Cummins will succeed John Wallace who is retiring after nearly 35 years in the industry.
The company said it has completed a “comprehensive” restructuring and emerged from bankruptcy having shed more than 75 per cent of its debt and obtained $115 million in new financing.
Cummins joined Deluxe in 2018 after serving as CFO of Harland Financial Solutions, prior to which he spent nearly 15 years at Honeywell in executive management roles.
“I couldn’t be more excited to take on this role, and I look forward to carrying on Deluxe’s reputation of delivering for clients as we continue to build a technology platform that enables media and entertainment companies to create and deliver content globally,” Cummins said.
“With an optimised balance sheet and significantly less debt, Deluxe is well-positioned to carry on its unparalleled legacy, and we are pleased to appoint Eric as CEO,” added board member Gregg Bresner. “He has been instrumental in completing the comprehensive refinancing, and we are confident that he is the right person to lead the company forward.”