Scott Scheirman Appointed Chief Executive Officer of CPI Card Group
September 27 2017 - 7:00AM
Business Wire
CPI Card Group (Nasdaq:PMTS, TSX:PMTS), a global leader in
financial and EMV® chip card production and related services, today
announced the appointment of Scott Scheirman as President and
Chief Executive Officer, effective October 5, 2017,
succeeding Steve Montross who will be ending his service
as CEO on October 4, 2017 in connection with his previously
announced retirement. Mr. Montross will continue in an advisory
capacity through June 30, 2018. Mr. Scheirman has served as a
member of CPI Card Group’s Board of Directors since October 2016
and will continue to serve on the board. Mr. Scheirman brings over
20 years of executive global business leadership experience with
leading organizations including First Data Corporation (NYSE: FDC)
and Western Union (NYSE: WU).
“I along with my fellow directors are thrilled to appoint Scott
Scheirman as CEO of CPI Card Group and we are confident he will be
an excellent leader for the Company,” said Brad Seaman,
Chairman of the Board of CPI Card Group. “His track record of
achieving growth, energizing teams and creating value makes him an
ideal fit. We are confident Scott will effectively lead the company
through strategic planning and relentless execution and by focusing
on meeting the needs of current and future customers.”
Mr. Seaman continued, “The entire Board thanks Steve for his
leadership of CPI Card Group over the last decade. We all
acknowledge his vision and tenacity in making huge strides in the
Company’s product offering and performance. We appreciate his role
in transitioning with Scott and our customers and we wish him the
very best in his upcoming retirement.”
Mr. Scheirman has more than two decades of executive leadership
experience with financial services and technology enabled
companies. Mr. Scheirman served as Executive Vice President and
Chief Financial Officer of Western Union for seven years, where he
helped expand revenue from technology enabled B2B and consumer
digital product offerings more than six-fold in five years and had
broad global executive responsibilities, including leading business
planning and analysis, financial operations and process
improvement.
“I am delighted to be joining the team at CPI Card Group,” said
Mr. Scheirman. “The leadership team is exceptionally talented, and
I am looking forward to providing customers with superior products
and solutions and leading the Company into the next phase of
growth.”
Prior to Western Union, Mr. Scheirman spent twelve years at
First Data Corporation in a variety of executive leadership roles
and prior to First Data Corporation, Mr. Scheirman spent seven
years at Ernst & Young. He is a resident of the greater Denver
area and holds a Bachelor of Science degree in Business
Administration with an emphasis in Accounting from the University
of Northern Colorado.
About CPI Card Group
CPI Card Group is a leading provider in payment card
production and related services, offering a single source for
credit, debit and prepaid debit cards including EMV chip,
personalization, instant issuance, fulfillment and mobile payment
services. With more than 20 years of experience in the payments
market and as a trusted partner to financial institutions, CPI’s
solid reputation of product consistency, quality and outstanding
customer service supports our position as a leader in the market.
Serving our customers from ten locations throughout the United
States, Canada and the United Kingdom, we have the
largest network of high security facilities in North America,
each of which is certified by one or more of the payment brands:
Visa, MasterCard, American Express, Discover and Interac
in Canada. Learn more at www.cpicardgroup.com.
EMV is a registered trademark or trademark of EMVCo
LLC in the United States and other countries.
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ICR Inc. for CPI Card GroupInvestor Relations:William Maina,
877-369-9016InvestorRelations@cpicardgroup.comorMedia
Relations:Laura Anderson, 203-682-8267media@cpicardgroup.com