Global Payments in management shake-up

Source: Global Payments

Paul R. Garcia, Chairman and CEO of Global Payments, announced several organizational changes for the company today.

James G. Kelly, currently the company's Sr. Executive Vice President and Chief Operating Officer, has been promoted to President and Chief Operating Officer of Global Payments Inc. Mr. Kelly will continue to report to Mr. Garcia. In his new role, Mr. Kelly's responsibilities will be expanded to include all of the company's worldwide businesses, including Operations, Technology, Sales and Business Development.

Joseph C. Hyde, currently the company's Executive Vice President and Chief Financial Officer, will be assuming the position of President - International and will oversee the company's businesses outside of North America, including those in Europe, Russia and Asia, and will report to Mr. Kelly. Mr. Hyde is relocating his family to the United Kingdom.

Carl J. Williams, President - International, will be transitioning from his current position throughout fiscal year 2009.

David E. Mangum has accepted the role of Executive Vice President and Chief Financial Officer of Global Payments. From 2000 to 2007, he served as Executive Vice President and Chief Financial Officer for CheckFree Corporation, a global leader in financial electronic commerce. The company's revenue grew from approximately US$300 million to over US$1.0 billion during that period. In December of 2007, CheckFree was acquired by Fiserv, Inc. for US$4.4 billion. In 2007, Mangum was recognized by Institutional Investor Magazine as one of "America's Best CFOs." In his role, Mangum will be responsible for all of the company's global financial operations, including Finance, Treasury, Accounting, Tax and Investor Relations.

"I am pleased to work with such a strong team, and I am particularly delighted to welcome David Mangum as our new CFO. I also want to thank Carl Williams for his extraordinary contribution in building Global Payments' international brand," Mr. Garcia said.

Comments: (0)