C$ cMoney, a Houston-based company at the forefront of mobile phone-based payment and money transfer technologies, has announced the promotion of William Watson, formerly chief operating officer, to chief executive officer.
In addition, Adam A. Boris has been named to the position of chief operating officer and John J. Shin has been hired to serve as the chief investment officer and senior vice president of corporate development. Dr. Larry Wilson, former cMoney board director, has been appointed as chairman of the board. Jennifer Pharris, interim CEO and former chairman, had stepped into the roles while assembling the executive team and will continue as founder and shareholder.
"William's appointment to CEO was a natural choice. His experience with launching innovative mobile technologies and leading organizations through tremendous growth is a clear match with cMoney," said Jennifer Pharris, founder of C$ cMoney, Inc. "In his short tenure as COO, he has demonstrated a deep understanding of the mobile technology industry and I am confident that as CEO, William will assist in positioning cMoney as a leader in the global mobile payments space."
As the chief executive officer, Watson will oversee the strategic direction of cMoney, work in tandem with the board of directors and act as the official corporate spokesperson. Watson is a seasoned executive with 20 years of experience providing executive management and leadership to public and private telecommunications and mobile technology companies.
"I look forward to my new role with the company and working with a strong leadership team that now includes Adam and John, and I welcome the appointment of our chairman Dr. Larry Wilson," Watson said. "This team of executives, with a proven record of success, is excited about the potential growth of the company."
In his capacity as chief operating officer, Boris, former interim COO at TLeMAZ, will oversee the everyday operations and functions of cMoney, resolving any issues that may arise and ensuring the system-wide implementation of the company's policies and procedures. With almost 30 years of experience in the mobile technology industry with such companies as Motorola, Inc., Ameritech and DBS Communications, Boris brings strong expertise in launching innovative technologies and services.
As the chief investment officer and senior vice president for corporate development, Shin is tasked with managing and monitoring investment activity, and will be working with external analysts, maintaining good investor relations, securing financing and establishing relationships with strategic business partners. Shin is a former venture capitalist and investment banker with success in funding, building and exiting multi-stage enterprises.