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MEI appoints Ian McCormick as the Executive Vice President of Retail

February 4, 2008

WEST CHESTER, Pa. — MEI, a developer of unattended payment systems, has appointed Ian McCormick to the newly-created position of Executive Vice President — Retail. McCormick will lead the Retail channel with responsibility for overall P&L, product development, marketing, sales and service worldwide. He will be based at the company's headquarters in West Chester, Pa., and report directly to CEO Mike Hayes, according to a release.
Ian McCormick's appointment is part of MEI's initiative to continue its success in Retail and extend its payment technologies into new banking and financial service applications.
 
"Retail and Banking are exciting areas of growth for us and we are committed to developing new products and services for these sectors" said Mike Hayes, CEO of MEI. "Ian brings to MEI a wealth of experience and a track record of success. We are excited to add his leadership skills to our senior management team.
 
Ian McCormick comes to MEI with over 17 years of international leadership in the Payment Management market place. Previous roles include 6 years with De La Rue, one of the World's foremost payment solution providers, where he was responsible for the company's Retail Payments business. Prior to De La Rue McCormick spent 8 years with Money Controls.
 
MEI's Retail Channel provides cash payment solution systems to OEMs, developers and integrators for retail cash safes, kiosks, self-service checkout systems and other automated payment terminals.

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