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Euronet appoints Gareth Gumbley MD, pre-paid processing

20 May 2008  |  2097 views  |  0 Source: Euronet Worldwide

Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading electronic payments provider, today announced the appointment of Gareth Gumbley as managing director of the Company's Prepaid Processing segment.

In his new role, Gumbley will be responsible for strategic planning, operations and management of Euronet's prepaid subsidiaries on a global basis. Gumbley will report to Kevin Caponecchi, president of Euronet Worldwide and will be based in London.

Gumbley has a proven track record of achieving strong growth through effective leadership and has extensive international experience in the payments processing business. Gumbley has been the managing director of Euronet's prepaid businesses in Australia and New Zealand since November 2004. Under his leadership, the Company's Australia and New Zealand prepaid entities have grown considerably year on year to market leading positions. In addition, Gumbley has been developing valuable new business opportunities for the Company in Asia-Pacific, and was most recently instrumental in expanding Euronet's prepaid business into India.

"We are fortunate to have a manager of Gareth's caliber to lead the development and implementation of our Prepaid segment's business strategy through its next phase of growth. We will benefit from his experience, proven record of success and strong leadership skills," said Caponecchi.

Prior to joining Euronet, Gumbley was the CEO of Dialect Solutions Group, an online payments business that was part of the News Corporation Group.

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