Payments News

The MAG’s Horwedel Prepares To Step Down as CEO

Jun 12, 2018

Mark Horwedel, chief executive of the Merchant Advisory Group, an association of more than 100 of the nation’s biggest merchants that concerns itself with payment issues, plans to step down at year’s end. Replacing him will be John Drechny, chairperson of the group’s board of directors and currently senior director of payment services at Walmart Inc.

Horwedel himself was director of payments at the No. 1 retailer from 2006 to 2011, when he assumed his post at the Minneapolis-based MAG. Previously he worked as a consultant and as chief network officer of Magic Line, an electronic funds transfer network based in Rockford, Ill.

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