BillMyParents ( OTCQB : BMPI ) - the Responsible Teen Spending Company - announced today that Kim Petry has joined the Company. Ms. Petry will be appointed as its new Chief Financial Officer mid to late February 2013, at which point she will replace Jonathan Shultz.
Mr. Shultz will continue to serve as CFO until the appointment. Ms. Petry is a CPA and senior level executive with proven success in increasing profit margins, solid financial management, business leadership and strategic partnering with the board of directors, legal, compliance, auditors and regulators.
Ms. Petry was most recently CFO and Vice President, Global Commercial/Corporate Card Payment with American Express where she led a team of over 150 finance professionals globally, supporting a business with over $4 billion in revenue. Prior to American Express, she was Vice President of Corporate Finance, Planning and Analysis and Business Finance and Analysis with TIAA-CREF where she led over 140 professionals across the U.S. and was responsible for reporting, budgeting, forecasting, strategy, long-term planning, new product development, mergers and acquisitions. Ms. Petry served as Managing Director of Finance at US Trust Corporation/Schwab Corporation for five years in several executive roles following her prior experience working as an Audit Manager in Financial Services at PricewaterhouseCoopers. She earned her MBA in Finance and International Business from New York University and her BA with a major in accounting, graduating summa cum laude, from Adelphi University.
"Kim is a top notch financial services industry CFO. The skills and knowledge she brings to BillMyParents will help us structure a corporate financial architecture to support rapid growth both for our card processing and for our own internal and external reporting as a public company. We are pleased to have her on our team," stated BillMyParents CEO and Chairman, Mike McCoy.
The Company would also like to thank Mr. Shultz for all of his service to the organization.