28.04.2008 20:10:00
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Hypercom Appoints Robert Vreeland Interim Chief Financial Officer
Hypercom Corporation (NYSE: HYC) today appointed Robert M. Vreeland, an
11-year veteran of the company, Interim Chief Financial Officer. Mr.
Vreeland reports to Philippe Tartavull, Chief Executive Officer and
President. His appointment is effective immediately. He replaces Tom
Liguori who left earlier this year to accept a position with another
company.
"Bob has an impressive background and has held
key financial roles in the company throughout his 11 years with
Hypercom, which further ensures a seamless transition. He is widely
respected and he has contributed significantly year after year,”
said Mr. Tartavull.
About Robert Vreeland
Robert Vreeland has 25 years of experience in corporate financial
matters and has for the last 11 years served at Hypercom. As Vice
President, Americas Finance and Corporate FP&A from December 2005 to
present, he oversaw the controllership function for that region as well
as the global corporate budget and forecast process. He was also
directly responsible for sales price policy and margin approvals and
financial and operational due diligence on acquisition targets.
Mr. Vreeland was Senior Vice President, Operations of Hypercom from 2004
to 2005. He was responsible for monitoring worldwide sales finance and
operations, controlling annual budgets for global sales units, approving
pricing for product and service offerings, analyzing organizational
structures and related operating expense levels and approved sales,
distributor and reseller contracts.
Prior to that, Mr. Vreeland was Vice President, Corporate Controller at
Hypercom from 1998 to 2003. In this position, he was directly
responsible for the corporation’s accounting
and financial reporting. From 1997 to 1998, Mr. Vreeland served as
Director of Finance and Administration, Hypercom International, where he
directed all accounting and finance activity for the corporation’s
international locations.
Immediately prior to joining Hypercom, Mr. Vreeland was a Senior Audit
Manager with Coopers & Lybrand Phoenix office from 1995 to 1996, where
he was assigned at the firm’s request to be
the manager on that office’s largest client.
From 1993 to 1995, he was Audit Manager at Coopers & Lybrand’s
national office in New York City. There he was directly responsible for
developing audit policy and training tools and also served as a working
staff member of the AICPA Special Committee on Financial Reporting. From
1984 to 1993, Mr. Vreeland was at Coopers & Lybrand’s
Newport Beach, Calif., office, serving a client base that consisted
primarily of public and private manufacturing companies. Mr. Vreeland
joined Coopers & Lybrand in 1984 as a Staff Accountant, after working
one year with KPMG Peat Marwick in Phoenix.
Mr. Vreeland holds a Bachelor of Science Degree in Accountancy from
Northern Arizona University. He is a member of the American Institute of
Certified Public Accountants.
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, petroleum, healthcare, prepaid, unattended
and many other markets. Hypercom solutions enable businesses in more
than 100 countries to securely expand their revenues and profits. With
its acquisition of Thales e-Transactions business earlier this month,
Hypercom became the second largest provider of electronic payment
solutions and services in Western Europe, and solidified its position as
the third largest provider globally.
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
the Company’s new Interim Chief Financial
Officer and expected acquisition results and benefits. 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: 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; compliance with industry
standards, certifications and government regulations; the performance of
suppliers, contract manufacturers and subcontractors; the ability to
successfully integrate the technologies, operations and personnel of
acquired businesses in a timely manner; the ability to obtain the
expected strategic and financial benefits from acquisitions; 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 and 8-Ks. 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.
HYCP
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