Lehi's Weave names Roy Banks as new CEO

Weave, a provider of software for management of service-based businesses, has announced that Roy Banks has been named CEO. Weave is based in Lehi and serves over 20,000 customers worldwide.

Banks replaces interim co-CEOs Jeff Lyman and Marty Smuin, who have led the company since July, when former CEO and co-founder Brandon Rodman assumed the role of chairman of the board. Smuin will reassume his role as chief operating officer and Lyman will continue as chief product officer. 

Banks brings to Weave more than 20 years of experience in the high-tech software development, e-commerce, Internet marketing and payment processing industries. He most recently served as a CEO partner of Tritium Partners. Prior to that, he was president of the LoadPay business unit and a board member for Truckstop. He has also served as CEO of Network Merchants Inc. and Accelerated Payment Technologies, and as president of Authorize.net.

“This is an amazing time to be joining Weave and I couldn’t be more excited to lead such an outstanding team of talented and passionate individuals,” said Banks. “Weave is well-positioned to continue its exponential growth by providing best-in-class engagement, communication and marketing solutions to its valued service-based customers. This is not a turn-around situation; this is a step-on-the-gas-pedal situation and I’ve been given the amazing opportunity to sit in the driver’s seat and take Weave to the next levels of success.”

“We are thrilled to welcome Roy to the Weave family. Weave is a fast-growing company and Roy’s extensive experience is tailored to our situation and market opportunity. His proven track record is exactly what we need at this accelerated stage of Weave’s growth, enabling us to continue to deliver the most valuable solutions for our customers while still maintaining one of the best cultures and work experiences in the country,” said  Smuin.