VeriFone Systems, Inc. (NYSE: PAY), today announced that Richard A. McGinn will leave the board and be replaced by long-time retail and consumer financial services veteran Jane J. Thompson, effective immediately.
"The board thanks Rich for his service in many roles over the years including interim CEO and chairman of the board, and we wish him well," said Dr. Leslie Denend, chairman of the board, VeriFone. "We are also delighted to welcome Jane to the board and know that her strong leadership and industry experience will serve VeriFone and our executive team well."
"I have enjoyed working with VeriFone's board and leadership team and am proud of the progress the company has made over the last several months," said McGinn. "I look forward to their continued success."
"Rich has helped the company navigate through the best of times and some of the most challenging times, and for that the company is thankful," said VeriFone CEO Paul Galant. "I'm also very pleased to have Jane join our board. She is an expert on the evolving relationship between retailers and consumers and her experience will help us achieve our goal of enabling the next generation of commerce for our clients."
Thompson has successfully led multi-billion dollar organizations in the financial services, home services, retail, and ecommerce industries. She served at the executive level of Fortune 50 organizations for more than two decades. Most recently, as a strategic consultant, Thompson helped drive strategy and growth for large corporations as well as small, fast-growth businesses. She is the former president of Walmart Financial Services and former executive vice president of Sears Credit and Home Services. Thompson has also served as partner at McKinsey & Co., and in brand management and marketing at Procter & Gamble. She is a member of the board for The Fresh Market and former board member of ConAgra Foods.