Hypercom Corporation (NYSE: HYC) today announced the appointment of Peter Vesco as Managing Director, Northern Europe.
He is responsible for directing and driving Hypercom's business activities throughout the region. Mr. Vesco reports to Philippe Tartavull, Chief Executive Officer and President. His appointment is effective October 1, 2009. He replaces Peter Ehlers, who will leave the Company on July 15, 2009 to pursue other opportunities. Benno Rach, Hypercom Northern Europe's Chief Operations Officer, will facilitate the transition.
"Hypercom has a robust presence in Northern Europe, and Peter Vesco brings the acumen and drive to help us continue building market share in this important region," said Mr. Tartavull. "Peter's appointment further strengthens our singular commitment to support our customers with the highest security payment and digital transaction solutions, products and services. We are excited to have Peter join the team. We are also very appreciative of Peter Ehlers' service and we wish him the best."
Mr. Vesco joins Hypercom from First Data International where he served for the past nearly two years as Regional President, Germany, Italy, Austria and Switzerland, based in Bad Vilbel, Germany. Previously, Mr. Vesco held Chief Operating Officer and Deputy Chief Executive Officer positions with ATOS Worldline, based in Frankfurt. Mr. Vesco holds a Degree from Johann Wolfgang von Goethe University in Frankfurt, and a Postgraduate Diploma in Management from University of Huddersfield in the UK.