16 January 2017
visit http://www.wolterskluwerfs.com

US Dataworks CEO Charles Ramey dies

17 March 2014  |  1655 views  |  0 Source: US Dataworks

It is with a collective heavy heart that US Dataworks, Inc. (OTC PinkSheets: UDWK), a leader in payment processing solutions, today announced the passing of its long-time Chairman and CEO, Charles E. Ramey, who died yesterday morning after suffering a severe heart attack from which he was unable to recover.

The Company also announced that its Board of Directors has appointed John Penrod as its interim Chief Executive Officer. Mr. Penrod will continue in his role as the Company's VP of Operations in addition to his new CEO duties. Joseph Saporito, an outside director of the Company, will take over the Chairman role with the Board seat left vacant by Mr. Ramey's death to remain unfilled for the time being.

Mr. Saporito commented "Chuck was an outstanding leader who worked tirelessly for the benefit of all stakeholders of the Company. He will be greatly missed. Our thoughts and prayers are with Chuck's family during this difficult time." Mr. Saporito added, "While we grieve for our loss, both professional and personal, the Board and the management team remain focused on the day-to-day tasks at hand and on continuing to execute on our long term business plan. The Board has the utmost confidence in John to lead the Company through this transitional period." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.comhttp://www.financialcrimerisk.fiserv.com/aml?r=finextra

Top topics

Most viewed Most shared
Five fintech surprises for 2017Five fintech surprises for 2017
14643 views comments | 51 tweets | 46 linkedin
Blockchain impact timeline speeds up, massive cost savings forecastBlockchain impact timeline speeds up, mass...
10928 views comments | 34 tweets | 28 linkedin
Swift goes deeper into the blockchainSwift goes deeper into the blockchain
8491 views comments | 30 tweets | 42 linkedin
Belgium builds fintech bridge to LondonBelgium builds fintech bridge to London
7069 views comments | 25 tweets | 6 linkedin
ECB consults on development of pan-EU settlement service for instant paymentsECB consults on development of pan-EU sett...
6911 views comments | 16 tweets | 39 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job