In a press release Monday afternoon, VeriFone named Paul Galant as CEO and a Member of the Board of Directors, effective October 1, 2013.
In the press release, Galant said:
“I am honored to have been selected as VeriFone’s new CEO. I am impressed with the progress the company has made during the past year and recognize there is still much work to be done.Galant has held several positions at Citigroup including serving as head of Citi Cards and, most recently, as the CEO of Citigroup Inc.’s Enterprise Payments business.
I am committed to VeriFone’s business success and look forward to working with the talented senior leadership team and VeriFone’s 5,500 employees worldwide to deliver the quality and innovation that our clients need and the value that our shareholders expect.
VeriFone has established a tremendous presence in the payments ecosystem with its managed services, platform software and data analytics offerings across its core global network of more than 20 million devices in 150 countries. This is a strong foundation to build upon, and I look forward to continuing to serve our clients and grow our device and services businesses leveraging new technologies and powering new commerce channels.”