Provides Update to CEO Transition
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--
EVERTEC, Inc. (NYSE: EVTC) (“EVERTEC” or the “Company”) today announced
that Thomas W. Swidarski has been appointed to the Company's Board of
Directors (the “Board”) as an independent director and member of the
Board’s Compensation Committee, effective December 17, 2014.
Mr. Swidarski’s career spans over 30 years in the financial services and
payments industries. Most recently, from 2006 to 2013, he was Chief
Executive Officer and President of Diebold, Inc. (NYSE: DBD), a global
leader in providing integrated self-service transaction (ATMs) and
security systems to the financial, commercial and retail markets in 100
countries. Prior to becoming Chief Executive Officer and President, Mr.
Swidarski was Chief Operating Officer and President of Diebold, and
served in various other senior strategic development and marketing
capacities at Diebold since joining the company in 1996. Before joining
Diebold, he worked in the banking industry for 16 years, including
serving in senior marketing roles with PNC Bank.
Mr. Swidarski currently serves on the boards of two publicly-traded
companies, Altra Industrial Motion Corp. (NASDAQ: AMIC) and Energy
Focus, Inc. (NASDAQ: EFOI), as well as two privately held companies.
Altra Industrial is a leading global design and manufacturer of quality
power transmission and motion control products used in a variety of
industrial applications. Energy Focus is both a leading provider of
energy efficient LED lighting products and a developer of energy
efficient lighting technology.
Frank G. D’Angelo, Chairman of the Board, said, "We are very pleased to
welcome Tom to the Board. Tom is a seasoned senior executive with deep
industry knowledge. Having served as CEO and President of Diebold, Tom
brings significant international operating and management experience
which should add to the success and growth of EVERTEC.”
The Company also announced that it reached a settlement agreement with
Global Payments Inc., Morgan “Mac” Schuessler, Jr.’s prior employer,
concerning Mr. Schuessler’s non-compete obligation. As a result, Mr.
Schuessler will join the Company as President and Chief Executive
Officer on April 1, 2015. Mr. D’Angelo will serve as Interim CEO for the
period from January 1, 2015 until March 31, 2015. Mr. D’Angelo added,
“EVERTEC reached a settlement with Global Payments regarding Mac’s
hiring, thereby eliminating the uncertainty, costs and distraction that
are inherent in litigation.”
Mr. D’Angelo has been Chairman of the Board of Company and its primary
operating subsidiary, EVERTEC Group, LLC since February 2014, and a
board member for both companies since September 2013. Mr. D’Angelo’s
career spans over 35 years in the financial services industry, as well
as in operations and management. He has held several executive
management positions, including that of Chief Executive Officer and
President at companies in the commerce networks, mobile banking and
payments markets.
Additional details regarding the settlement agreement can be found in
the Company’s Current Report on Form 8-K filed today.
About EVERTEC
EVERTEC, Inc. (NYSE: EVTC) is the leading full-service transaction
processing business in Latin America, providing a broad range of
merchant acquiring, payment processing and business solutions services.
The largest merchant acquirer in the Caribbean and Central America—and
one of the largest in Latin America—EVERTEC serves 19 countries in the
region from its base in Puerto Rico. The Company manages a system of
electronic payment networks that process more than 2.1 billion
transactions annually, and offers a comprehensive suite of services for
core bank processing, cash processing and technology outsourcing. In
addition, EVERTEC owns and operates the ATH network, one of the leading
personal identification number (“PIN”) debit networks in Latin America.
The Company serves a diversified customer base of leading financial
institutions, merchants, corporations and government agencies with
“mission-critical” technology solutions. For more information, visit www.evertecinc.com.
Forward-Looking Statements
Certain statements in this press release constitute “forward-looking
statements” within the meaning of, and subject to the protection of, the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties, and other
factors that may cause the actual results, performance or achievements
of EVERTEC to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Statements preceded by, followed by, or that otherwise
include the words “believes,” “expects,” “anticipates,” “intends,”
“projects,” “estimates,” and “plans” and similar expressions of future
or conditional verbs such as “will,” “should,” “may,” and “could” are
generally forward-looking in nature and not historical facts. Any
statements that refer to expectations or other characterizations of
future events, circumstances or results are forward-looking statements.
Consideration should also be given to the risks set forth under the
headings “Forward-Looking Statements” and “Risk Factors” in the reports
the Company files with the SEC from time to time, in connection with
considering any forward-looking statements that may be made by the
Company and its businesses generally. We undertake no obligation to
release publicly any revisions to any forward-looking statements, to
report events or to report the occurrence of unanticipated events unless
we are required to do so by law.
EVERTEC, Inc.
Investor and Media Contact
Alan I. Cohen,
787-773-5302
Executive Vice President
Investor Relations
IR@evertecinc.com
Source: EVERTEC, Inc.