Stripe Adds Ex-Bank of England Official to Guide Growth and Climate Efforts

George PaulExecutive Moves

Mark Carney. Courtesy of Stripe

Stripe has named Mark Carney, the former Governor of the Bank of England and the Bank of Canada, to its Board of Directors.

Carney’s extensive experience with global financial systems and governance will be invaluable to the payments platform as it continues to navigate a complex web of international regulations and rolls out its climate efforts globally.

In a press release, Stripe’s Co-Founder and President, John Collison, said, “From his desire to see faster settlement systems to his commitment to climate change mitigation, Mark’s values align with ours. We’re delighted he’s joining our Board of Directors.”

Prior to his central banking roles, Carney spent 13 years at Goldman Sachs, where he was the co-head of sovereign risk, and did a three years stint at the Canadian Department of Finance. Carney currently serves as a UN Special Envoy for Climate Action.

“The very nature of commerce has changed over the past decade. Stripe has been at the forefront of enabling this new digital economy, providing innovative and resilient global payment solutions to businesses large and small,” Carney stated. “In the process, Stripe has been breaking down barriers to global trade and accelerating economic output. I look forward to supporting Stripe over the coming years as they build the global infrastructure that enables the internet to become the engine for strong and inclusive economic growth.”

Carney is the second addition the payments startup has made to its Board of Directors in 2021, as last month Aon CFO Christa Davies joined to advise Stripe's rapid global expansion. Since launching ten years ago, Stripe has grown rapidly with over 2,500 employees based and 14 global offices. The company now offers its services to businesses in over 40 countries to power hundreds of billions of euros of payments from customers in at least 140 countries and territories.

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