P&H Solutions, Inc., the leader in providing business banking solutions to financial institutions throughout North America, today announced that Ralph Dangelmaier has been appointed Chief Executive Officer effective immediately.
Mr. Dangelmaier will also retain his current position as President of the Newton, Massachusetts-based technology firm.
Under Mr. Dangelmaier's leadership, P&H has revolutionized the way financial institutions expand their relationships with business customers by providing them with solutions that generate significant revenue and deposit growth. "P&H Solutions' Enterprise Business Banking Product (EBBP) has been enthusiastically embraced by the marketplace," said Dan Doyle, Director of P&H Solutions. "The company's excellent track record of profitable growth, having more than doubled in revenues during his tenure as President, is evidence of Ralph's passionate commitment to our customers and to building P&H Solutions into the foremost provider of business banking solutions. We look forward to continued success in the future under his leadership."
Mr. Dangelmaier has been with P&H Solutions since 1996, and became President in 2002. Since he joined, the company's revenues have increased from $1.5 million to over $40 million this year and the number of employees has grown from 20 to over 250. Prior to becoming President, he was SVP of Sales and Services. Before joining P&H Solutions, Mr. Dangelmaier held operations and sales positions at BankBoston, SunGard and A.G. Edwards. He is originally from the Boston area and is a graduate of Stonehill College in Easton, Massachusetts.
"I am honored by the vote of confidence from our board of directors," said Mr. Dangelmaier. "I am fortunate to have the best team in our market space. It is gratifying to know we have become the clear leader in providing the financial services industry with the most robust offering of products and services with which to serve their business customers. I look forward to the opportunity and the challenge of extending P&H Solutions' leadership position in business banking."