Metavante Technologies (NYSE: MV) today announced that its Board of Directors has named the company's Chief Executive Officer, Frank Martire, as Chairman of the Board.
Metavante also announced that the Board has appointed the company's Chief Operating Officer, Michael Hayford, as President and Chief Operating Officer. The actions, which are effective Nov. 1, 2008, are part of the Board's established management succession plan.
Martire, 61, joined Metavante Corporation in January 2003 as president of its financial services group and was named president and chief executive officer in March of that year. Hayford, 49, joined Metavante in 1992 as head of operations. He has served as senior executive vice president and chief operating officer of Metavante Corporation since May 1, 2006. Each executive has served as a director of Metavante Technologies, Inc. since its separation from Marshall & Ilsley Corporation on Nov. 1, 2007. Complete biographies and photos of Martire and Hayford follow this news release.
Dennis Kuester, who has served as Chairman of the Board since the company's Nov. 1, 2007 separation from Marshall & Ilsley Corporation, will continue to serve as a director.