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Koin has appointed Ted Saxman as vice president of operations. The cashless solutions provider announced the hire as part of its expansion efforts.
Saxman brings over 25 years of experience in strategic project management, information technology operations and cross-functional leadership. His background spans multiple organisational levels.
He previously held senior IT and financial leadership roles at Boyd Gaming and the Las Vegas Convention and Visitors Authority. These positions involved managing complex operational systems.
Throughout his career, Saxman has reportedly focused on delivering complex, multimillion-dollar projects on time and within budget. He has experience fostering teams across various industries and organisational structures.
The company is expanding its offerings and accelerating growth initiatives, which require additional operational leadership capacity.
Saxman’s experience includes establishing project management offices, leading mergers and acquisitions, and implementing operational strategies. These skills are matched up with Koin’s current organisational needs.
“Ted’s proven track record and results-driven leadership style make him an outstanding addition to our executive team,” said Koin COO Bob Woodbury.
The company cited his experience in building operational frameworks and executing strategic initiatives as key factors in the decision. Koin appears to be prioritising operational infrastructure development.
His background in driving organisational growth and efficiency matches the company’s stated objectives. The timing suggests Koin is preparing for a significant operational expansion phase.
Saxman will oversee daily operations across the company. This responsibility covers multiple departments and operational functions.
He will also spearhead process improvements throughout the organisation. This involves analysing current workflows and implementing efficiency measures.
Leading mission-critical projects represents another key responsibility. These projects support Koin’s vision of transforming digital finance solutions.
His position combines operational oversight with strategic project leadership. The role bridges day-to-day management responsibilities with longer-term strategic initiatives.
Saxman will report to COO Bob Woodbury and work with other executive team members. The position appears to be newly created rather than replacing an existing role.
Woodbury stated that Saxman’s experience will be “instrumental in taking Koin to the next level.” This suggests the company has specific growth targets planned.
The appointment indicates Koin is investing in operational infrastructure ahead of expansion. Companies typically add senior operational roles when preparing for significant growth phases.
Saxman’s background in managing high-performing teams addresses scalability concerns. Growing organisations need leaders who can maintain operational effectiveness while adding complexity.
His experience with multimillion-dollar projects suggests Koin has substantial initiatives planned. The company appears ready to make significant investments in its operational capacity.
The hire comes as cashless payment solutions face increasing market demand. Operational excellence becomes more important as competition intensifies in the digital finance sector.
