In the blog “CFO Moves,” a feature that follows the departure and arrival of Chief Financial Officers in companies across the country, the Wall Street Journal has highlighted the recent change in leadership at Malvern’s USA Technologies.

The feature examines USA Technologies after the premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market, announced at the end of January that Leland “Lee” Maxwell has been appointed to the position of interim Chief Financial Officer. Maxwell is replacing J. Duncan Smith, whose departure was revealed at the same time.

USAT emphasized in their release that Smith’s resignation was not “due to any disagreement with the Company, its management or Directors on any matter relating to the operations, policies or practices of the Company.” Smith was appointed to the CFO position in August last year after former CFO David DeMedio’s promotion to Chief Services Officer.

Maxwell, who is a senior financial executive with over three decades of business experience, started his interim CFO duties on January 28th. A certified public accountant, Maxwell previously served USAT as its CFO and Treasurer from 1997 to 2003. He is also the founder of Maxwell CFO Consulting, a firm which specializes in controller outsource and CFO consulting in the Mid-Atlantic region.

During his successful career Maxwell served as a CFO of Nurture, Inc., and Controller at both MeadWestvaco and Smurfit Stone Container. He is also active in the community as Board Chair and co-founder of the DMAX Foundation, the nonprofit organization founded three years ago to help eliminate stigma and inspire safe and caring conversations about mental health as well as emotional pain in youth.

“We are pleased to welcome back Lee Maxwell to the company as interim CFO, as his financial acumen will help guide us as we continue to execute our growth strategy,” commented Stephen P. Herbert, chairman and chief executive officer of USA Technologies.