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PayCargo Board of Directors Elects Lionel van der Walt as its newest Board Member

PayCargo, a leader in online freight payments, announced today the election of Lionel van der Walt as the newest addition to the Board of Directors.

“We have been searching for new blood and the right talent who would further strengthen our board, and in Lionel we have found a great combination of energy, talent and solid professional background,” said Eduardo Del Riego, CEO and Board member at PayCargo. “We are delighted to include Lionel’s passionate leadership and one-of-a-kind international business acumen to our Board.”

“It is an honor to become a member of PayCargo’s Board. I have great respect for its members,” said van der Walt. “I’m excited to be part of such a team of proven successful entrepreneurs in the Cargo transportation industry. PayCargo as a company has wonderful business projections, and I look forward to contributing to its business strategy and plans.”

Mr. van der Walt has more than 20 years of international executive leadership experience. He spent the early part of his career as an officer in the South African Air Force and later over a decade with the International Air Transport Association (IATA) where he held various leadership roles based out of South Africa, Spain and the United States. He was most recently President of Cargo Network Services Corp. (CNS), IATA’s U.S. cargo subsidiary, and served as a member of the Caribbean Hotel and Tourism Association's Board of Directors.

Mr. van der Walt has a passion for driving positive change both in the workplace and across the industry. He strongly supports increased stakeholder collaboration, attracting new talent to industries and embracing diversity. He is also recognized as a seasoned advocate constantly working to educate governments and consumers as to the tremendous economic value of the sectors he represents, both globally and in the United States.

Lionel holds an MBA in Strategy and General Management from Milpark Business School in South Africa and qualified both as an Air Traffic Controller as well as an Aircraft Maintenance Technician earlier in his career.

About PayCargo

PayCargo is a patented online payments solution for the Ocean, Air, Trucking and Rail industries. PayCargo offers electronic tools that create significant efficiencies by automating the payments process. PayCargo helps companies in the international supply chain reduce operating costs, grow profits, dramatically increase cash flow, and improve overall liquidity. PayCargo, LLC, connects the payer and vendor for immediate transparency to improve payment communication, and allow significant cost savings through automation and standardization.

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