VeriFone Systems appoints Paul Galant as CEO and member of the Board

Former CEO of Citi Enterprise Payments Brings Proven Track Record of Global, Multi-Channel Payment Innovation, and Financial Industry Leadership

VeriFone Systems, a provider of technology for electronic payment transactions, has announced the appointment of Paul Galant as chief executive officer and member of the Board of Directors, effective October 1, 2013.

Since 2010, Galant was serving as CEO of Citigroup’s Enterprise Payments business. During his tenure, Galant developed innovative digital payments services for Citi’s institutional and government clients, enabling them to expand into growth markets and helping them to meet their consumers’ current and future needs for secure mobile payments and commerce.

Paul Galant, new CEO, VeriFone

In the past Galant has also served as CEO of Citi Cards, heading Citigroup’s North American and International Consumer Credit Cards; as well as CEO of Citi Transaction Services, establishing the business as a core growth engine for Citi and expanding it into new product lines and markets serving Citi’s largest institutional and government clients.

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Leslie Denend, VeriFone’s Interim non-executive chairman, said, “Following an extensive search process, that considered a broad list of highly qualified candidates, Paul was deemed unanimously by the Board to have the best combination of professional experience and leadership skills to continue to capitalize on the solid progress we have made in recent months.”

Commenting on his appointment as CEO of VeriFone, Galant said he is committed to VeriFone’s business success and looks forward to working with the talented senior leadership team and VeriFone’s 5,500 employees worldwide to deliver the quality and innovation that our clients need and the value that our shareholders expect.

“VeriFone has established a tremendous presence in the payments ecosystem with its managed services, platform software and data analytics offerings across its core global network of more than 20 million devices in 150 countries,” Galant said.

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