Metavante Names Hayford Chief Operating Officer
May 02 2006 - 4:12PM
Business Wire
Metavante Corporation, the financial technology subsidiary of
Marshall & Ilsley Corporation (NYSE:MI), today announced that
Michael D. Hayford, 46, senior executive vice president and chief
financial officer (CFO), has been named Chief Operating Officer of
the corporation, responsible for managing all business lines and
business operations. Hayford, a member of the Metavante Corporation
Board of Directors, who has served as CFO since 2001, will continue
to report directly to Metavante President and Chief Executive
Officer Frank R. Martire. "Last year, Metavante reached the
milestone of becoming a $1 billion revenue company," said Martire.
"As we work to achieve our next levels of growth, Mike's extensive
business experience and leadership at Metavante, coupled with his
relationships with our clients, uniquely positions him for this new
role." The company will conduct a search for a new CFO; however,
Hayford will continue to serve in that capacity during the interim.
Hayford joined Metavante in 1992 as head of operations and was
promoted to Chief Information Officer in 1993. Since then, he has
held various positions with Metavante, including general manager of
the financial products group from 1995 to 1998, with responsibility
for application development. He also built and ran the mergers and
acquisitions team from 1998 to 2004. Prior to joining Metavante,
Hayford spent 10 years with Accenture, where he was responsible for
managing a number of large system integration projects, including
the design and development of a worldwide training program for all
Accenture new hires. A Certified Public Accountant, Hayford holds a
master's degree in business administration from Northwestern
University's Kellogg School of Business and a bachelor's degree in
accounting and a bachelor's degree in computer science from the
University of Wisconsin-La Crosse. About Metavante Metavante
Corporation delivers banking and payments technologies to financial
services firms and businesses worldwide. Metavante products and
services drive account processing for deposit, loan and trust
systems, image-based and conventional check processing, electronic
funds transfer, consumer healthcare payments, and electronic
presentment and payment. Headquartered in Milwaukee, Metavante
(www.metavante.com) is wholly owned by Marshall & Ilsley
Corporation (NYSE:MI). Metavante is a registered trademark of
Metavante Corporation.
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