NetSpend, the nation's leading processor and marketer of prepaid debit cards, has announced three new additions to its senior management team to support its continuing growth.
Chris Brown is the firm's first General Counsel, Frank Kaplan has been named Senior Vice President for Sales and Rex Stevens has assumed the role of Controller.
"As we continue to grow, it is clear that we need to recruit the best talent that we can," said Rick Savard, NetSpend chief executive officer, in announcing the appointments. "Luckily for us, the NetSpend reputation and our strong performance are enabling us to attract top talent."
Brown joins NetSpend from the national law firm of Baker Botts L.L.P., where he was partner and head of the Austin office corporate department, representing a wide array of public and private companies as well as investment funds in mergers and acquisitions, private equity, public offerings, technology transactions, privacy and data security. Brown received a bachelor's degree with honors in political economy from Tulane University and earned his law degree with distinction from the University of Iowa.
Kaplan comes to NetSpend from Management Advisory Services, where he provided marketing and sales management consulting services to enterprise clients in the software, hardware and services industries. A graduate of Ohio State University, he received a bachelor's degree in journalism and master's degree in sports administration. At NetSpend, Kaplan will be responsible for developing the overall sales strategy and business development organization focused on driving products sales, expanding existing relationships, strategic new market expansion and new industry opportunities.
Stevens served as controller at IKON Management Services (IMS) for six years before joining NetSpend. At IMS, he managed financial results and ensured accounting information accuracy. Stevens assumes the role of controller for the accounting and finance department and will be responsible for all financial reporting, transactional processing and day-to-day financial management for NetSpend. Stevens graduated with degrees in finance and ecology from Texas A&M University.