Certegy names Larry Towe president and COO

The Certegy Inc. (NYSE:CEY) Board of Directors today announced the appointment of Larry J. Towe as President and Chief Operating Officer. Lee Kennedy will continue in his current role as Chairman and Chief Executive Officer.

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Towe has served as Certegy's Executive Vice President and Chief Operating Officer since June 2001. He previously held the positions of Executive Vice President/Group Executive of Equifax Payment Services and Senior Vice President/General Manager of Equifax Card Solutions, International. Prior to joining Equifax in 1994, Mr. Towe was President of FBS Software.

In making the announcement Kennedy stated, "Larry's strong leadership, extensive experience and numerous achievements have contributed significantly to Certegy's success. His appointment as President is well deserved."

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