STRATEGIC PARTNERS
January 27, 2003
SCOTTSDALE, Ariz. -- eFunds Corporation (Nasdaq: EFDS), has appointed several new executive leaders, including Bank of America veteran Kevin Reager, who will join the company as senior vice president, division executive, eFunds ATM Solutions.
According to a news release, Reager will assume the responsibilities currently managed by Mick Spilsbury, the company's former senior vice president of Product and Marketing, who is leaving eFunds to re-establish his consulting practice in the San Francisco Bay Area.
Reager, the former senior vice president of ATM Business Development and Account Management for Bank of America, was heavily involved in BofA's development of the nation's largest ATM fleet and in expanding their off-premise ATM strategy.
Mike Feliciano, a veteran of NYCE Corporation, is joining eFunds as its SVP, division executive of its EFT Solutions Division. As vice president and general manager of NYCE's EFT Processing Business Unit, Feliciano oversaw all aspects of their processing business including product management, sales, customer implementations and account management.
According to the release, the appointments complete eFunds' reorganization to a business division model around its four core lines of business: EFT Solutions, ATM Solutions, Risk Management Solutions and Outsourcing Solutions.
In December 2002, Kathleen Flanagan assumed the responsibilities of senior vice president, division executive, Outsourcing Solutions, and Rahul Gupta joined eFunds as senior vice president, division executive, Risk Management Solutions.
Pradeep Saxena, as president of eFunds India International Private Limited, will continue to manage eFunds' international businesses.
The company also announced that Tommy Andrews will join eFunds as senior vice president of Corporate Development. He will manage all aspects of eFunds' corporate development efforts, including strategic planning, marketing, corporate communications, market research, mergers and acquisitions, and partnership and alliance development.
Before joining eFunds, Andrews was senior vice president of Operations for FleetCor Technologies, Inc. Andrews' efforts to lead FleetCor's acquisition strategy of commercial fleet card licensees enabled the company to expand into eight licensee markets.
"These appointments signal a new energy at eFunds. We are working hard to develop a solid platform for eFunds' future growth," said Paul Walsh, eFunds' chairman and chief executive, in the release. "Kevin, Mike and Tommy add great industry insight and leadership to an already strong team."
Reager, Feliciano, and Andrews will report directly to Walsh.
The company also announced the appointments of Kim Jones as eFunds' director of Security and Sean Murphy as the director of Audit. Jones will report to Clyde Thomas, chief information officer and SVP of Technology, and Murphy will report to Tom Liston, interim chief financial officer.
