Message #40 From:
NewsBot Date: January 17, 2007 06:30:00 AM
HYC News Hypercom Corporation Names Philippe Tartavull President
PHOENIX--(BUSINESS WIRE)--Hypercom Corporation (NYSE: HYC) announced today the appointment of
Philippe Tartavull as President, effective February 6, 2007. He will
report to Hypercom Chief Executive Officer William Keiper. For the past
nine years Mr. Tartavull served as President of Oberthur Card Systems
USA, the Americas subsidiary of the global smart card leader
headquartered in France.
As President of Hypercom, Mr. Tartavull will have responsibility for
sales, marketing, product development and services on a global basis.
Mr. Keiper will retain responsibility for finance, investor relations,
business development, legal and human resources. Mr. Keiper will also
retain responsibility for technology direction and product manufacturing
and materials.
“Philippe Tartavull has a wealth of expertise
in sales, marketing and product development, strength in technology,
extensive experience in the payments business, and a well-developed
international perspective. These are critical to accelerate the growth
of Hypercom’s global revenue and market share,”
said Mr. Keiper. “Philippe’s
strengths will leverage the foundation built over the last 18 months by
our new management team. The Hypercom management team has streamlined
our company, developed excellent fiscal controls and has introduced a
variety of new products, new distribution channels, and diversified
revenue streams across the areas of payment terminals, payments
networking and services.”
“Hypercom’s
exceptional engineering capabilities and technology open exciting new
avenues with tremendous opportunities in an array of areas ranging from
mobile migration to enhanced sophistication in security and
identification technologies,” said Mr.
Tartavull.
About Philippe Tartavull
Mr. Tartavull has more than 20 years of experience in the electronic
payment, smart card and system integration and information technology
industries in the US and abroad.
Since 1998 he has been President of Oberthur Card Systems USA, following
a year as that company’s chief operating
officer. Oberthur is one of the world's leading providers of card-based
solutions including SIM (Subscriber Identity Module) and
multi-application smart cards as well as related software, applications
and services. The company targets the payment, mobile communications,
identification, transit and multimedia markets, with customers that
include all of the top 20 US financial institutions, major telco
operators and healthcare providers, and the US government.
From 1988 to 1998, Mr. Tartavull served as President and Chief Executive
Officer of Thales/Syseca, Inc, a provider of system integration services
and mission-critical software for the transportation and utilities
industries.
His previous positions included Vice President of Sales and Marketing
for Syseca SA, Europe and North America, and managerial positions with
Compagnie Internationale Des Services Informatiques (CISI), Baker
International and European Management Oil & Gas Investment.
Mr. Tartavull earned a Masters degree in Business Administration from
the Institut d'Administration des Enterprises, Sorbonne University, a
Masters of Science degree in Engineering from Ecole Nationale Superieure
des Pétroles et des Moteurs, and a Bachelor
of Science degree in Engineering and Computer Science from the Centre
d'Etudes Supérieures des Techniques
Industrielles, all in Paris, France. He is also a graduate of the
Executive Program at the University of California at Los Angeles'
Anderson School of Management.
Mr. Tartavull has served on the Hypercom Board of Directors since April
2006, but has resigned as a director effective with his agreement to
join the company as an executive officer. He formerly served on the
Boards of Directors of Wilcox Inc. and Sextant Inc. Mr. Tartavull also
served as an advisor to Black Pearl.
About Hypercom (www.hypercom.com)
Global payment technology leader Hypercom Corporation delivers a full
suite of high security, end-to-end electronic payment products and
services. The company’s solutions address the
high security electronic transaction needs of banks and other financial
institutions, processors, large scale retailers, smaller merchants,
quick service restaurants, and users in the transportation, healthcare,
prepaid, unattended and many other markets. Hypercom solutions enable
businesses in more than 100 countries to securely expand their revenues
and profits.
Hypercom is a registered trademark of Hypercom Corporation. All other
products or services mentioned in this document are trademarks, service
marks, registered trademarks or registered service marks of their
respective owners. This press release includes statements that may
constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements regarding
new executive appointments, market share growth, market acceptance of
new products, product performance, product sales, revenues and profits.
These forward-looking statements are based on management’s
current expectations and beliefs and are subject to risks and
uncertainties that could cause actual results to differ materially from
those described in the forward-looking statements. In particular,
factors that could cause actual results to differ materially from those
in forward-looking statements include the ability to attract and retain
qualified and experienced executives; the ability to win new customers
and new businesses; industry, competitive and technological changes; the
loss of, and failure to replace any significant customers; the
composition, timing and size of orders from and shipments to major
customers; inventory obsolescence; market acceptance of new products and
services; the performance of suppliers and subcontractors; risks
associated with international operations and foreign currency
fluctuations; the state of the U.S. and global economies in general and
other risks detailed in our filings with the Securities and Exchange
Commission, including the Company's most recent 10-K and subsequent
10-Qs. Forward-looking statements speak only as of the date made and are
not guarantees of future performance. We undertake no obligation to
publicly update or revise any forward-looking statements. HYCF
