Cardtronics Names Payments Industry Executive Steven A. Rathgaber CEO
December 23, 2009 (FinancialWire) — Cardtronics, Inc. (NASDAQ: CATM), the world’s largest non-bank operator of ATMs, said its board of directors has selected Steven A. Rathgaber as the company’s new chief executive officer.
Rathgaber, a seasoned payments industry executive, brings over 32 years of broad payment product and network experience to Cardtronics. Most recently, Rathgaber served as president and chief operating officer of NYCE Payments Network, LLC, a wholly-owned subsidiary of Fidelity National Information Services, Inc.
and services that will leverage our existing network and scale our business.”
During Rathgaber’s 18 years at NYCE, he served in a number of sales and operating roles within that organization, including most recently the position of president and chief operating officer, which he assumed in 2004 concurrent with the acquisition of NYCE by Metavante. During his tenure at NYCE, Rathgaber was responsible for developing and leading NYCE’s payment product expansion strategy, which included, among other things, the launching of internet and mobile banking and payment-related services. He was also responsible for NYCE’s domestic and international expansion efforts, and oversaw the acquisition and integration of numerous debit networks and transaction processing platforms. Prior to joining NYCE, Rathgaber served in a number of operational management roles with Automatic Data Processing, Inc. and Citibank. Rathgaber holds a Bachelor of Science degree in Accounting from St. John’s University.
In connection with the appointment of Rathgaber as the company’s new chief executive officer, he was also elected to the company’s board of directors. Both the appointment and the election will become effective February 1, 2010. Until that time, Lummis will continue to serve as the company’s interim chief executive officer. After February 1, 2010, Lummis will continue to serve as the company’s chairman of the board.
Headquartered in Houston, Texas, Cardtronics is the world’s largest non-bank operator of AT
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