Cardtronics Announces Board Transitions
May 03 2011 - 10:38AM
Cardtronics, Inc. (Nasdaq:CATM) and its board of directors today
announced the election of a new board member, Juli Spottiswood, the
president and chief executive officer of Parago, Inc., a leading
provider of innovative reward programs that drive behavior and
promote brand loyalty with consumers and channel partners.
Additionally, effective May 2, Michael A. R. Wilson, managing
director at TA Associates, has resigned his seat on the Cardtronics
board, where he has served as a director since 2005.
Chairman Dennis Lynch remarked: "In Juli Spottiswood, the
Cardtronics board gains the perspective of an executive with over a
decade of experience helping companies improve their effectiveness
in consumer engagement and relationship building. Juli's business
expertise is closely aligned with two key value propositions of
Cardtronics: our ability to influence where people go to get cash
and our ability to transform that behavior into brand loyalty for
our retail and financial institution partners."
TA Associates was a major investor and shareholder in
Cardtronics until it divested the vast majority of its holdings in
2010. As a result of that divestiture, and not due to any
disagreement with the company, Mr. Wilson is tendering his
resignation.
Mr. Lynch added: "Speaking on behalf of the entire board of
directors and all Cardtronics associates, we are deeply
appreciative of Mr. Wilson's dedication and the strong
contributions he made to our leadership team over the last six
years. His business judgment and financial acumen were important in
helping us achieve the success we have enjoyed."
The Cardtronics board of directors is now comprised of the
following individuals:
- Dennis Lynch, chairman of the board
- Steven Rathgaber, chief executive officer, Cardtronics
- Tim Arnoult, director
- Robert Barone, director
- Jorge Diaz, director
- Patrick Phillips, director
- Mark Rossi, director
- Juli Spottiswood, director
Cardtronics also announced committee roster changes for its
board. New board member Ms. Spottiswood will join the Cardtronics
Audit Committee, filling the spot vacated by Dennis Lynch, who has
transitioned to serving on the Cardtronics Nominating &
Governance Committee. Mr. Lynch will continue in his role as
chairman of the board, a position he has held since 2010.
Biographical Highlights – Juli Spottiswood
Juli Spottiswood is president, chief executive officer and a
member of the board at Parago, Inc., a marketing service company.
Parago specializes in developing unique rebate programs, consumer
incentive strategies and prepaid card solutions proven to solidify
consumer relationships and drive increased sales for its clients.
In addition to these positions held since 2007, Ms. Spottiswood
helped form Parago in 1999, originally serving as the company's
chief financial officer. Spottiswood also brings to the Cardtronics
board a high-level profile within the prepaid card industry; she
serves as a board member and treasurer of the Network Branded
Prepaid Card Association, a nonprofit association formed to promote
the use of prepaid cards.
About Cardtronics, Inc.
Cardtronics (Nasdaq:CATM) is the world's largest non-bank owner
of ATMs. The Company operates over 33,200 ATMs in the United
States, the United Kingdom, Mexico, and the Caribbean, primarily
with well-known retailers such as 7-Eleven®, Chevron®, Costco®,
CVS®/pharmacy, ExxonMobil®, Hess®, Rite Aid®, Safeway®, Target®,
and Walgreens®. Cardtronics also assists in the operation of
approximately 4,000 ATMs under managed services contracts with
customers such as Kroger®, Travelex®, and Circle K®. In addition to
its retail ATM operations, the Company provides services to large
and small banks, credit unions, and prepaid card issuers, allowing
them to place their brands on over 12,000 Cardtronics' ATMs and
providing surcharge-free access through Cardtronics' Allpoint
Network. www.cardtronics.com.
The Cardtronics logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=991
Cardtronics and Allpoint are registered
trademarks of Cardtronics, Inc.
CONTACT: Cardtronics - Media
Nick Pappathopoulos
Director - Public Relations
832-308-4396
npappathopoulos@cardtronics.com
Cardtronics - Investors
Chris Brewster
Chief Financial Officer
832-308-4128
cbrewster@cardtronics.com
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