07.07.2009 20:02:00
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Hypercom Appoints Peter Vesco Managing Director – Northern Europe
Hypercom Corporation (NYSE: HYC) today announced the appointment of Peter Vesco as Managing Director, Northern Europe. He is responsible for directing and driving Hypercom’s business activities throughout the region. Mr. Vesco reports to Philippe Tartavull, Chief Executive Officer and President. His appointment is effective October 1, 2009. He replaces Peter Ehlers, who will leave the Company on July 15, 2009, to pursue other opportunities. Benno Rach, Hypercom Northern Europe’s Chief Operations Officer, will facilitate the transition.
"Hypercom has a robust presence in Northern Europe, and Peter Vesco brings the acumen and drive to help us continue building market share in this important region,” said Mr. Tartavull. "Peter’s appointment further strengthens our singular commitment to support our customers with the highest security payment and digital transaction solutions, products and services. We are excited to have Peter join the team. We are also very appreciative of Peter Ehlers’ service, and we wish him the best.”
Mr. Vesco joins Hypercom from First Data International, where he served for the past nearly two years as Regional President, Germany, Italy, Austria and Switzerland, based in Bad Vilbel, Germany. Previously, Mr. Vesco held Chief Operating Officer and Deputy Chief Executive Officer positions with ATOS Worldline, based in Frankfurt. Mr. Vesco holds a Degree from Johann Wolfgang von Goethe University in Frankfurt, and a Postgraduate Diploma in Management from University of Huddersfield in the UK.
About Hypercom (www.hypercom.com)
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products and services. The Company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. Hypercom is a founding member of the Secure POS Vendor Alliance (SPVA) and is the second largest provider of electronic payment solutions and services in Western Europe and third largest provider globally.
Hypercom is a registered trademark of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners. This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the qualifications of the Company's new Managing Director-Northern Europe and Chief Operating Officer-Northern Europe; the Company's expected future performance; market acceptance of new products; product capability and performance; product competitiveness and market share; and product sales, revenues, margins and profits. These forward-looking statements are based on management’s current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward-looking statements include, the ability to attract and retain qualified executives; industry, competitive and technological changes; the loss of, and failure to replace any significant customers; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and services; compliance with industry standards, certifications and government regulations; the performance of suppliers and subcontractors; our ability to improve our cost structure, including reducing our product and operating costs; our ability to successfully manage our transition to a contract manufacturing model, including the impact on inventories; our ability to allocate research and development resources to new product and service offerings; our ability to increase market share and our competitive strength; our future financial performance and financial condition; risks associated with international operations and foreign currency fluctuations; the state of the U.S. and global economies in general and other risks detailed in our filings with the Securities and Exchange Commission, including the Company's most recent 10-K and subsequent 10-Qs and 8-Ks. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. HYCP
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