Pendum names new CEO, CFO
November 12, 2008
DENVER — Pendum LLC, the nation's largest independent provider of cash automation and armored transport solutions, has named Jim Campbell its new chief executive and Phil Theodore its new chief financial officer.
According to a news release, the appointments of Campbell and Theodore underscore the premise on which the company was built: a commitment to long-term, value-based relationships with financial institutions and ATM owners. Pendum's business philosophy, "The Value of ONE," captures the company's ability to reduce the challenges of managing multiple vendors, improve cost efficiencies, and simplify the ATM and cash-management process.
Earlier in 2008, private equity firm Bayside Capital acquired a controlling interest in Pendum.
"Bringing Jim and Phil to the Pendum team is an important milestone for the company as we continue to adapt to the changing marketplace," said Sean Ozbolt of Bayside Capital. "They are service-minded managers who truly understand and have the capacity to apply Pendum's core principles in today's challenging business environment."
Campbell brings more than 30 years of business ownership experience to Pendum, having led and managed medium-to-large companies in industries ranging from corporate data security to steel fabrication. Theodore joins Pendum as CFO after financial and operational leadership positions in the manufacturing and public-accounting sectors.
"I know from experience how the combination of talented people and a ‘customer first' culture can produce terrific results," Campbell said. "Phil and I agree that one of our first priorities will be to ensure our front line employees have the tools, training, and resources they need to meet and exceed our customers' expectations."
