Ingenico makes management changes

Source: Ingenico

Ingenico (Euronext : FR0000125346 - ING), leading worldwide provider of payment solutions, today announces appointments at its Management Board, reporting to CEO.

Pierre-Antoine Vacheron, EVP Finance and Support is appointed head of the SEPA-Europe Region. This region is the most important one of the Group, representing nearly half of its revenue with positive growth dynamics confirmed in the first quarter of 2011.

Jean-Yves Schapiro joins the Group beginning of May, as EVP and Chief Financial Officer. Schapiro, 57, brings an extensive experience in finance.

Siegfried Heimgartner, replaced by Pierre-Antoine Vacheron, is appointed EVP, Chief of Staff of the Presidency. It will notably support the strategy for the evolution of the Group.

I am pleased to announce these appointments within our Management Board" said Philippe Lazare, CEO of Ingenico, "I rely on the dynamism of Pierre-Antoine Vacheron at the head of the most important region of the Group, in particular to reinforce successfully our service offer. Thanks to his experience, Jean-Yves Schapiro will lead the financial operations aimed at transforming the profile of Ingenico. Finally, I rely on Siegfried Heimgärtner experience to support our strategic development".

Jean-Yves Schapiro - Bio:
Jean Yves Schapiro holds a Master of Law and of Economy, a BA in English and in History. Schapiro started his career at Pechiney group as internal auditor and then as head of financial studies and negotiations. He then was chief of financial services at Carbone Lorraine, deputy director of operations at Credit Chimique, head of Pechiney financing department, and finally, CFO of the electrometallurgy department of Pechiney and of Pechiney Electrométallurgie company. Appointed CFO of Bureau Veritas in 1997, he then was CFO of BSN Glasspack during five years before joining the finance department of CGA CMM for nearly seven years.

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