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Euronet names VP of business development

March 21, 2002

OVELAND PARK, Kan. -- Michael Brown, chairman and CEO of Euronet Services Inc., announced the appointment of Alex Groenendyk as the company's vice president of business development. Groenendyk will be responsible for sales and market development on a worldwide basis.

He will also develop the relationships of ARKSYS, Euronet's wholly- owned subsidiary, with other providers of complementary core banking software such as Fiserv, MKI and Datapro.

Groenendyk was most recently president of the CBS (Comprehensive Banking System) International division of Fiserv, one of the world's largest core retail banking software suppliers. During his four-year tenure at CBS International, the division grew by more than 400 percent to become one of Fiserv's largest divisions. He was twice selected as President of the Year within the Fiserv group.

Prior to his post as president of Fiserv's CBS International division, Groenendyk was a regional manager for CBS covering Europe, Central Europe, Africa and the Middle East. He also served as worldwide sales director for IBIS, which provides wholesale banking solutions for the IBM AS/400 platform.


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