Cardtronics (NasdaqGM:CATM), the world's largest non-bank operator of ATMs, today announced that Jack M. Antonini, the Company's Chief Executive Officer, would be leaving the Company and its Board of Directors effective March 17, 2009.
Fred R. Lummis, Chairman of the Company's Board, has agreed to serve as interim CEO while the Board conducts a formal search for Mr. Antonini's permanent successor.
Mr. Lummis said, "Jack has made a significant contribution over the past six years as Cardtronics' CEO, taking the Company from a small private company to the largest non-bank operator of ATMs in the world. Jack and the Board have mutually decided that it would be in the best interests of the Company to bring in a new CEO with a fresh perspective on how to capitalize on our many strengths and further develop our strategic direction. The Board wishes him well in his future endeavors and will immediately begin searching for a new CEO who can come in and continue building upon the successful growth that Cardtronics has achieved during Mr. Antonini's tenure."