Published: July 07, 2009
Hypercom Appoints Peter Vesco Managing Director - Northern Europe
SCOTTSDALE, Ariz. & BAD HERSFELD, Germany - (BUSINESS WIRE) - 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
Hypercom Corporation
Pete Schuddekopf, +1-480-642-5383
pschuddekopf@hypercom.com
or
Hypercom
Northern Europe
Markus Scheffler, +49 6621 84611
mscheffler@hypercom.com
Copyright © 2012, Business Wire, Inc., All rights reserved.
Copyright © 2012, NewsBlaze,
Daily News