Source: Electronic Clearing House
Electronic Clearing House, Inc. (NASDAQ:ECHO), a leading provider of electronic payment and transaction processing services, today announced the appointment of Keith B. Hall to the Board of Directors.
With Mr. Hall's appointment, ECHO's Board currently has six members, including five non-management directors. Mr. Hall will serve on the Audit, Compensation and Governance and Nominating Committees of the Board.
Charles J. Harris, CEO of Electronic Clearing House, Inc., commented, "Keith Hall brings a wealth of experience in finance for growth companies, with demonstrated successes in organic growth, M&A transactions, re-engineering strategies and turnaround situations. He is experienced in an array of issues encountered by public companies including raising capital, corporate governance, accounting controls and certification, acquisitions and divestitures. I am delighted to welcome Keith to our Board of Directors and look forward to his contributions."
Mr. Hall brings to ECHO 30 years of experience in financial analysis, accounting, investor relations, strategic planning, process redesign and international operations. He recently retired as the Senior Vice President and Chief Financial Officer of LendingTree, Inc., a division of InterActive Corp. (IACI), where he had been instrumental in guiding the firm to achieve profitability and raising $150 million in capital, including overseeing the company's initial public offering in 2000. Prior to LendingTree, Mr. Hall held chief financial officer positions with three public companies (Broadway & Seymour, Inc., Loctite Corporation, and Legent Corporation) that were acquired. He also was employed for over twelve years in various financial positions of increasing responsibility at United Technologies Corporation (UTX), including chief financial officer of Carrier Corporation's North American Operations.
Mr. Hall currently serves on the Board of Trustees of Coe College in Cedar Rapids, Iowa, and the Board of Directors of NewRiver, Inc., a private Internet company serving the mutual fund industry. He holds an MBA from Harvard Business School and a Bachelor of Arts degree from Coe College.
"This is an exciting time for ECHO as the Company regains sales momentum and builds scale in the business," said Keith B. Hall. "ECHO has great long-term prospects for growth and business expansion, and I'm happy to join the Board to help support the Company's success."