News

Global Axcess names new CEO

August 20, 2012

Jacksonville, Fla.-based self-service kiosk provider Global Axcess Corp. has announced the appointment of Kevin L. Reager to the position of president, CEO and director, effective August 21. Reager replaces Lock Ireland, who will remain on the board of directors.

Previously, Reager spent 15 years with Bank of America in retail delivery, finance and technology roles. Under his leadership, the number of non-banking center ATMs grew from 1,500 to more than 8,000.

More recently, Reager was CEO of Innovus Inc., a U.S.-based processor of debit and prepaid card transactions. He led Innovus to the largest deployment agreement and strongest annual organic growth in the company's history.

"We are fortunate to attract an executive of the caliber and background of Kevin, who has previous CEO experience and a tremendous amount of expertise in the ATM industry," said Joseph M. Loughry III, chairman of the board of directors at Global Axcess. "His ability to monetize ATM programs and portfolios will serve Global Axcess well going forward. He has already been working with our board on a consulting basis and has made numerous contributions as we work to turn around the business."

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