John D. Lowe Appointed Chief Financial Officer of CPI Card Group Inc.
June 13 2018 - 7:30AM
Business Wire
CPI Card Group Inc. (Nasdaq:PMTS; TSX:PMTS) (“CPI Card Group” or
the “Company”), a global leader in financial and EMV® chip card
production and related services, today announced the appointment
of John D. Lowe as Chief Financial Officer, effective upon the
transition of CFO responsibilities from Lillian Etzkorn, the
Company’s current CFO, which is expected to occur during July 2018.
Mr. Lowe brings over 15 years of executive finance and accounting
experience to CPI including most recently serving as CFO of
SquareTwo Financial Corporation, a Denver-based financial services
company with over $300 million in revenue. Mr. Lowe has joined CPI
as an advisor to Scott Scheirman, President and Chief Executive
Officer, effective today, June 13, 2018, and will work closely with
Mr. Scheirman in this capacity until Mr. Lowe assumes the CFO
responsibilities in July. As the Company’s CFO, Mr. Lowe will lead
CPI Card Group’s financial organization, reporting directly to
Scott Scheirman.
“We are very pleased to welcome John to CPI as our new CFO,”
said Scott Scheirman, President and CEO of CPI Card Group. “John
brings extensive experience and a proven track record as the CFO of
an organization serving financial institutions. His skills and
experience make him well qualified to provide financial leadership
and strategic vision to CPI as we execute our plan to be the
partner of choice by providing market-leading quality products and
customer service with a market-competitive business model.” Mr.
Scheirman added, “I would also like to thank Lillian again for her
leadership of our finance organization and the positive
contributions she has made during her tenure. I wish Lillian the
best in her future endeavors.”
Mr. Lowe commented, “I am delighted to be joining the CPI Card
Group team. CPI’s strong position in a market with significant
opportunities, as well as its talented and dedicated team, were
very attractive to me. I am looking forward to being part of a
company with such considerable long-term potential.”
John D. Lowe was most recently Senior Vice President and Chief
Financial Officer of SquareTwo Financial Corporation, a
Denver-based financial services company, from August 2014 until the
company was acquired in June 2017. Prior to his role as CFO, Lowe
held multiple leadership roles with SquareTwo including Treasurer,
VP of Finance, VP of External Reporting and Director of Technical
Accounting. Prior to SquareTwo, Mr. Lowe was Director of Technical
Accounting at Archstone, a Real Estate Investment Trust based in
Denver, from January 2008 until August 2009. Prior to Archstone,
Mr. Lowe was with Deloitte & Touche, LLP in both the Assurance
and Capital Markets Practices as an Auditor and Consultant. Lowe is
a Certified Public Accountant in the State of Colorado and a
Chartered Financial Analyst. He graduated from Virginia Polytechnic
Institute and State University with a B.S. in both Accounting and
Finance.
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 locations throughout the United States, Canada and
the United Kingdom, we have a leading network of high security
facilities in the United States and Canada, 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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CPI Card Group Inc. Investor RelationsWilliam Maina,
877-369-9016InvestorRelations@cpicardgroup.comorCPI Card Group Inc.
Media RelationsMedia@cpicardgroup.com