Online Resources Corporation (NASDAQ:ORCC), a leading provider of online financial services, today announced it has named two new members to its management team.
Stephen W. Ryan has been named executive vice president of Software Solutions and Services, and Eric M. Labiak has been named Chief Sales Officer.
"These appointments and organizational changes are important steps in the company's transition from a siloed structure to an integrated organization that aligns business functions for maximum efficiency and effectiveness," said Joseph L. Cowan, Online Resources' president and chief executive officer. "We are very pleased to have the expertise and deep industry experience that Eric and Steve bring to the table, and we look forward to the leadership and value they will bring to Online Resources as we continue to pursue our strategic growth plan."
Steve Ryan will lead the newly formed Software Solutions and Services group. This group encompasses the company's custom software and solutions, including Architect Online Banking and the award-winning Virtual Collection AgentTM, as well as all professional services and project management functions. Mr. Ryan is charged with driving revenue through software and custom service delivery to clients and partners. He is also responsible for ensuring the efficiency of client implementations across the organization.
Mr. Ryan is a seasoned banking, payments and internet security executive who has successfully developed and launched new financial technology products in U.S. and global markets. He brings to Online Resources more than 20 years of experience at major industry players, including Bank of America, First Data, Visa USA, as well as several online banking security firms. Most recently, he was the senior vice president and co-founder of IronKey, a mobile security solutions provider for online banking financial services. Mr. Ryan holds a B.S. in management information systems from Old Dominion University.
Eric Labiak will lead the newly formed Sales and Client Services group, which combines the two former groups that separately served the banking and ecommerce markets. Mr. Labiak is charged with strengthening the sales organization to drive revenue through new client sales and partnerships, as well as growing existing client relationships and satisfaction levels.
Over the past four years, Mr. Labiak has served as Online Resources' senior vice president of eCommerce Sales and Client Services where he has been instrumental in growing that business line. Prior to Online Resources, Mr. Labiak led sales and marketing at Image Processing Systems, an accounts payable outsourcing processor to Fortune 500 companies across multiple verticals, and also served as a general manager in the capital goods industry. He is a graduate of Lehigh University, where he received his B.S. in systems and industrial engineering.