MEMPHIS, Tenn. -- Transaction processor Concord EFS, Inc. (NYSE: CE) has appointed two officers to lead its Network Services and Payment Services segments, according to a news release.
Bond Isaacson, a 44-year-old former payments executive at Bank of America, will serve as president of Financial Services, with responsibility for all sales, client relations and product development for the financial services industry segment. Isaacson joined Concord as an executive vice president in September.
According to the release, Ronald Congemi, president of the Star Systems network, will continue to have responsibility for Star and will work closely with Isaacson.
Christopher Reckert, a 39-year-old former senior vice president and chief marketing officer at Concord, will serve as Concord's president of Payment Services, with responsibility for sales, account management and product development for the retail industry.
Additionally, Concord said that Dan Palmer, its 59-year-old chairman and outgoing chief executive officer, will assume the role of chief strategic and financial planning officer in May 2003 when Edward Labry succeeds him as chief executive.
As previously announced, Palmer will continue as a member of the executive management group following the transition of CEO responsibilities to Labry, according to the release.
