CheckFree Corporation Elects C. Beth Cotner to Board of Directors
May 02 2007 - 5:01PM
PR Newswire (US)
ATLANTA, May 2 /PRNewswire-FirstCall/ -- CheckFree Corporation
(NASDAQ:CKFR) today announced that C. Beth Cotner, CFA, has been
elected to the Company's Board of Directors. Cotner most recently
served as Interim CEO of Business Intelligence Advisors (BIA) from
2005 to 2006, where she continues to serve as a director on its
board. BIA leverages intelligence-based techniques in the private
sector, as a leading provider of innovative and independent
research, analysis and training solutions. Prior to joining BIA,
Cotner was Managing Director and Chief Investment Officer of the
Large Cap Growth area of Putnam Investment Management, Boston, from
1995 to 2003. While at Putnam, she grew Putnam Investors Fund from
$1 billion in 1995 to $14 billion, establishing the fund among the
firm's flagships, and grew the firm's large cap institutional
business to $30 billion. She also chaired a group of Chief
Investment Officers that analyzed all of Putnam's equity mutual
funds and provided recommendations for performance improvement.
Before joining Putnam, she was Executive Vice President of Kemper
Financial Services, Chicago, from 1985 to 1995. At Kemper, she
launched the Kemper Investment Portfolios Total Return Fund, which
grew to $500 million and was ranked #1 in its category in the first
year, and was given additional responsibility and positively
impacted the performance of two existing mutual funds. Cotner also
brings to CheckFree her experience as a portfolio manager with
Sears Investment Management, Chicago from 1979 - 1985 where she
captained Sears Emerging Growth Fund and was a venture capital
analyst; and as an analyst with Kemper (1977-1979) and American
Security Bank (1975-1977) where she co-managed a pension fund. She
remains a member of the Investment Analysts Society in Boston, and
a member of the Endowment Board for the Oregon Shakespeare
Festival. She is a Phi Beta Kappa graduate of the Honors program at
Ohio State University, and holds an MBA in International Business
and Finance from George Washington University. "Beth brings
investment services leadership expertise and a strong track record
of financial services industry success to CheckFree's Board of
Directors," said Pete Kight, chairman and chief executive officer
of CheckFree Corporation. "I believe she will bring valuable
perspective from her base of experience that will be an asset to
our board." About CheckFree (http://www.checkfreecorp.com/) Founded
in 1981, CheckFree Corporation (NASDAQ:CKFR) provides financial
electronic commerce services and products to organizations around
the world. CheckFree Electronic Commerce solutions enable thousands
of financial services providers and billers to offer the
convenience of receiving and paying household bills online, via
phone or in person through retail outlets. CheckFree Investment
Services provides a broad range of investment management solutions
and outsourced services to hundreds of financial services
organizations, which manage about $1.8 trillion in assets.
CheckFree Software develops, markets and supports payment
processing solutions that are used by financial institutions to
process more than two-thirds of the 14 billion Automated Clearing
House transactions in the United States, and supports
reconciliation, exception management, risk management, transaction
process management, corporate actions processing, and compliance
within thousands of organizations worldwide. DATASOURCE: CheckFree
Corporation CONTACT: Judy DeRango Wicks, +1-678-375-1595, , or
Investor relations, Tina Moore, +1-678-375-1278, , both of
CheckFree Corporation Web site: http://www.checkfreecorp.com/
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