Cantaloupe, Inc., a digital payments and software services company providing end-to-end technology solutions for the underserved retail market, announced the appointment of Ravi Venkatesan as CEO, effective October 1, 2022.
Venkatesan, who currently serves as Cantaloupe’s chief operating officer, will succeed Sean Feeney, who will retire from Cantaloupe effective September 30, 2022. Feeney will step down from the board of directors and Venkatesan will join the board of directors effective September 1. October 2022. .
“On behalf of the Board of Directors, I would like to congratulate Ravi on this appointment,” Douglas Bergeron, president of Cantaloupe, said in the announcement. “During his time as COO, Ravi launched compelling new product offerings and demonstrated that he is the right person with the vision to lead Cantaloupe as we expand internationally and into adjacent markets. The Board and I are pleased with the work Sean has done to build a strong financial foundation that has delivered growth and profitability, restored customer confidence and given us a stronger competitive position in the industry. We thank him for leading the Company through our transformation and wish him the best in his retirement.”
Feeney added in the announcement: “My two years at the helm of Cantaloupe have been rewarding as we have strengthened our operations, grown our customer base and set trends with cashless and contactless payments. We have also built a talented management team that will lead the Company into its next phase of growth. Cantaloupe has an exciting future ahead and Ravi will serve the company well.”
Venkatesan was named COO of Cantaloupe in February 2022 after serving as CTO since December 2020. As COO, he has been responsible for driving business strategy, product innovation and the overall customer experience. A proven leader, Venkatesan brings more than 20 years of experience driving technology and business innovation. Previously, he was head of innovation at Bakkt and product manager at Bridge2 Solutions, prior to its sale to ICE. Earlier in his career, he spent time as a consulting leader at Accenture.
Venkatesan graduated from Bangalore University with a bachelor’s degree in electronics and completed a postgraduate program in finance and information management from the Management Development Institute.
“I am honored to have been selected as CEO of Cantaloupe,” Venkatesan said in the announcement. “I am excited and honored by the opportunity to lead this great company through the next phase of growth and transformation. The self-service economy is still in its infancy and I am very excited about Cantaloupe’s capabilities and our leadership position in allowing us to capitalize on long-term, secular growth trends.”
The company also announced that Gaurav Singal will join Cantaloupe as its new chief technology officer on September 12. Singal joins Cantaloupe from the Georgia Lottery Corporation, where he was Executive Vice President and CIO responsible for a comprehensive digital transformation. Other experiences include serving as CPO for the last mile at XPO Logistics, vice president of technology at Goldman Sachs, and former founder of a technology startup. Singal has extensive experience scaling technology companies and driving innovation. He graduated from the Indian Institute of Technology in Delhi with a degree in chemical engineering and a master’s degree in computer science from the University of Illinois, Chicago.