Mr. Brad Seaman reports
SCOTT SCHEIRMAN APPOINTED CHIEF EXECUTIVE OFFICER OF CPI CARD GROUP
CPI
Card Group Inc. has appointed Scott Scheirman as president and chief
executive officer, effective Oct. 5, 2017, succeeding Steve
Montross, who will be ending his service as CEO on Oct. 4, 2017, in
connection with his previously announced retirement. Mr. Montross will
continue in an advisory capacity through June 30, 2018. Mr. Scheirman
has served as a member of CPI Card Group's board of directors since
October, 2016, and will continue to serve on the board. Mr. Scheirman
brings over 20 years of executive global business leadership experience
with leading organizations including First Data Corp. and Western Union.
"I along with my fellow directors are thrilled to appoint Scott
Scheirman as CEO of CPI Card Group and we are confident he will be an
excellent leader for the company," said Brad Seaman, chairman of the
board of CPI Card Group. "His track record of achieving growth,
energizing teams and creating value makes him an ideal fit. We are
confident Scott will effectively lead the company through strategic
planning and relentless execution and by focusing on meeting the needs
of current and future customers.
"The entire board thanks Steve for his leadership
of CPI Card Group over the last decade. We all acknowledge his vision
and tenacity in making huge strides in the company's product offering
and performance. We appreciate his role in transitioning with Scott and
our customers and we wish him the very best in his upcoming retirement."
Mr. Scheirman has more than two decades of executive leadership
experience with financial services and technology-enabled companies. Mr.
Scheirman served as executive vice-president and chief financial officer
of Western Union for seven years, where he helped expand revenue from
technology enabled business-to-business and consumer digital product offerings more than
sixfold in five years and had broad global executive responsibilities,
including leading business planning and analysis, financial operations,
and process improvement.
"I am delighted to be joining the team at CPI Card Group," said Mr.
Scheirman. "The leadership team is exceptionally talented, and I am
looking forward to providing customers with superior products and
solutions and leading the company into the next phase of growth."
Prior to Western Union, Mr. Scheirman spent 12 years at First Data
Corp. in a variety of executive leadership roles and prior to
First Data Corp., Mr. Scheirman spent seven years at Ernst &
Young. He is a resident of the greater Denver area and holds a bachelor
of science degree in business administration with an emphasis in
accounting from the University of Northern Colorado.
About CPI Card Group Inc.
CPI Card Group is a leading provider in payment card production and related services, offering a single source for credit, debit and prepaid debit cards, including EMV chip, personalization, instant issuance, fulfilment and mobile payment services.
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