Hypercom Corporation announced today the appointment of Philippe
Tartavull as President, effective February 6, 2007. He will report to
Hypercom Chief Executive Officer William Keiper. For the past nine
years Mr. Tartavull served as President of Oberthur Card Systems USA,
the Americas subsidiary of the global smart card leader headquartered
in France.
As President of Hypercom, Mr. Tartavull will have responsibility
for sales, marketing, product development and services on a global
basis. Mr. Keiper will retain responsibility for finance, investor
relations, business development, legal and human resources. Mr. Keiper
will also retain responsibility for technology direction and product
manufacturing and materials.
"Philippe Tartavull has a wealth of expertise in sales, marketing
and product development, strength in technology, extensive experience
in the payments business, and a well-developed international
perspective. These are critical to accelerate the growth of Hypercom's
global revenue and market share," said Mr. Keiper. "Philippe's
strengths will leverage the foundation built over the last 18 months
by our new management team. The Hypercom management team has
streamlined our company, developed excellent fiscal controls and has
introduced a variety of new products, new distribution channels, and
diversified revenue streams across the areas of payment terminals,
payments networking and services."
"Hypercom's exceptional engineering capabilities and technology
open exciting new avenues with tremendous opportunities in an array of
areas ranging from mobile migration to enhanced sophistication in
security and identification technologies," said Mr. Tartavull.
About Philippe Tartavull
Mr. Tartavull has more than 20 years of experience in the
electronic payment, smart card and system integration and information
technology industries in the US and abroad.
Since 1998 he has been President of Oberthur Card Systems USA,
following a year as that company's chief operating officer. Oberthur
is one of the world's leading providers of card-based solutions
including SIM (Subscriber Identity Module) and multi-application smart
cards as well as related software, applications and services. The
company targets the payment, mobile communications, identification,
transit and multimedia markets, with customers that include all of the
top 20 US financial institutions, major telco operators and healthcare
providers, and the US government.
From 1988 to 1998, Mr. Tartavull served as President and Chief
Executive Officer of Thales/Syseca, Inc, a provider of system
integration services and mission-critical software for the
transportation and utilities industries.
His previous positions included Vice President of Sales and
Marketing for Syseca SA, Europe and North America, and managerial
positions with Compagnie Internationale Des Services Informatiques
(CISI), Baker International and European Management Oil & Gas
Investment.
Mr. Tartavull earned a Masters degree in Business Administration
from the Institut d'Administration des Enterprises, Sorbonne
University, a Masters of Science degree in Engineering from Ecole
Nationale Superieure des Petroles et des Moteurs, and a Bachelor of
Science degree in Engineering and Computer Science from the Centre
d'Etudes Superieures des Techniques Industrielles, all in Paris,
France. He is also a graduate of the Executive Program at the
University of California at Los Angeles' Anderson School of
Management.
Mr. Tartavull has served on the Hypercom Board of Directors since
April 2006, but has resigned as a director effective with his
agreement to join the company as an executive officer. He formerly
served on the Boards of Directors of Wilcox Inc. and Sextant Inc. Mr.
Tartavull also served as an advisor to Black Pearl.
About Hypercom (www.hypercom.com)
Global payment technology leader Hypercom Corporation delivers a
full suite of high security, end-to-end electronic payment products
and services. The company's solutions address the high security
electronic transaction needs of banks and other financial
institutions, processors, large scale retailers, smaller merchants,
quick service restaurants, and users in the transportation,
healthcare, prepaid, unattended and many other markets. Hypercom
solutions enable businesses in more than 100 countries to securely
expand their revenues and profits.
Hypercom is a registered trademark of Hypercom Corporation. All
other products or services mentioned in this document are trademarks,
service marks, registered trademarks or registered service marks of
their respective owners. This press release includes statements that
may constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, including statements
regarding new executive appointments, market share growth, market
acceptance of new products, product performance, product sales,
revenues and profits. These forward-looking statements are based on
management's current expectations and beliefs and are subject to risks
and uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. In particular,
factors that could cause actual results to differ materially from
those in forward-looking statements include the ability to attract and
retain qualified and experienced executives; the ability to win new
customers and new businesses; industry, competitive and technological
changes; the loss of, and failure to replace any significant
customers; the composition, timing and size of orders from and
shipments to major customers; inventory obsolescence; market
acceptance of new products and services; the performance of suppliers
and subcontractors; risks associated with international operations and
foreign currency fluctuations; the state of the U.S. and global
economies in general and other risks detailed in our filings with the
Securities and Exchange Commission, including the Company's most
recent 10-K and subsequent 10-Qs. Forward-looking statements speak
only as of the date made and are not guarantees of future performance.
We undertake no obligation to publicly update or revise any
forward-looking statements.