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CardinalCommerce appoints Heatherington and Drimiotis to board of advisors

12 January 2004  |  1273 views  |  0

CardinalCommerce Corporation announced today the addition of Gary Heatherington and Andreas Drimiotis to its Board of Advisors.

Gary Heatherington has been appointed as Chairman of the Company's Board of Advisors. Mr. Heatherington is a senior Banking Executive with over 27 years of management and board experience, including 9 years as President and CEO. Mr. Heatherington has also served as a strategic advisor to a number of CEOs and top officers in the Banking Industry. Mr. Heatherington has both Board and international experience with emphasis on Financial Services, Payment Systems, eCommerce, retail and manufacturing.

"Cardinal Commerce is the leader in providing enterprise wide and application specific authentication solutions, and I am excited about the prospect of helping them grow further,"stated Gary Heatherington. "Authentication is central to transaction security, and the market for these solutions is expanding."

Currently residing in Ontario, Canada, Mr. Heatherington plays a key industry advisory role to CardinalCommerce.

During his career, Mr. Heatherington has demonstrated substantial ability to establish new businesses or brands, and to reinvigorate existing ones. Mr. Heatherington's work history includes the role of Chief Executive Officer of Cyota in 2000 and 2001, a leading provider of electronic payments technology solutions.

Prior to Cyota, Mr. Heatherington was the President and CEO of Bank One International in 1999-2000. Mr. Heatherington also held a variety of Senior Management roles at MasterCard International from 1992-1999 including Executive Vice President Global Markets, President Canada Region, President and CEO Maestro Canada.

Prior to his long career at MasterCard, Mr. Heatherington was a Group Vice President at the National Trust Company and held positions at the Bank of Montreal and National Westminster Bank. Mr. Heatherington has held or currently holds Directorship positions at Cyota, First Data Corp., Visa Canada, Bank One Canada, MasterCard Canada, Maestro, and Paradata Systems Inc..

Andreas Drimiotis, current Chairman of Delta Singular, of Athens, Greece, has also been appointed to Cardinal's Board of Advisors.

Andreas Drimiotis has 35 years of experience in the Information Technology and Card Processing Services. Delta Singular is the largest card processor in the Southeastern Europe servicing 35 banks in Greece, Romania, Serbia, Bosnia, Cyprus, UAE and Saudi Arabia. Delta Singular was formed in 2001 after the merger of Delta Informatics and Singular. Mr. Drimiotis has been the CEO and one of the founders of Delta Informatics since 1984 when the company was formed with Alpha Bank as the main shareholder. Delta Informatics was the first company in Greece to offer outsourcing services to Financial Institutions including Card and Merchant Processing. Delta Singular started offering the VbV services and the MasterCard Secure Code to its customers in 2002 using the Cardinal Commerce solution.

"I was impressed by the professionalism of the CardinalCommerce staff, during the implementation of the VbV service in 2002 and the responsiveness in order to have the system running as quickly as possible", stated Andreas Drimiotis "and I look forward to work with the CardinalCommerce people in order to expand the services geographically"

Prior to his career at Delta Informatics, Mr. Drimiotis has held various managerial positions including the CEO of Unisystems, which is the Greek distributer of Unisys Inc. During his long career Mr. Drimiotis has been involved in very important Computer projects in Greece. He pioneered the electronic processing of the Election Results for the Greek Government, in 1981, and since then he has been involved in all the Elections in Greece (Parliamentary, Municipal and the European Parliament Elections)

"We are quite pleased to add both Gary and Andreas to our team," stated Michael Keresman, President and CEO of CardinalCommerce. "Their collective experience, industry know-how and contacts provide us with solid advice, counsel and insights to achieve our goals and objectives."

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