Today, self-service kiosk solutions provider, Global Axcess, announced that Kevin L. Reager has been appointed President, Chief Executive Officer, and Director, effective August 21, 2012. Reager will replace Lock Ireland, who will remain on the board of directors.
Of his new position, Mr. Reager remarked, “It has been my pleasure to work with the fully engaged Global Axcess board and the competent and motivated employees for the last month, prior to my appointment as CEO. We currently face challenges and opportunities as we pursue the stabilization of the Company and seek the best alternatives to maximizing shareholder value but we are united and committed to this goal. I look forward to the opportunity to lead this effort.”
Mr. Reager brings extensive ATM/debit card industry experience to Global Axcess; his resume includes senior management positions with eFunds Corporation, a U.S.-based, billion dollar NYSE listed technology company. While there, he was instrumental in stabilizing the largest non-bank ATM program in the United States and Canada. As the executive responsible for the domestic ATM and Processing business at eFunds India, Reager led the integration of a major acquisition and executed the largest third party ATM servicing agreement in India. He also worked on corporate acquisitions in the U.K., Canada, and the U.S., and consulted on several ATM projects in Latin America and continental Europe.
Prior to his time at eFunds, Reager spent 15 years with Bank of America in various retail delivery, finance, and technology roles. Under his leadership, the number of non-banking center ATMs grew from 1,500 to over 8,000 ATMs. He also served as CEO at Innovus, Inc., where he led the largest deployment agreement and annual organic growth in the company’s history. Reager is a Certified Public Accountant and began his career with Peat Marwick and Mitchell CPA’s (now KPMG). He is an internationally recognized expert on the ATM / Debit Card industries.
“We are fortunate to attract an executive of the caliber and background of Kevin, who has previous CEO experience and a tremendous amount of expertise in the ATM industry,” commented Joseph M. Loughry III, Chairman of the Global Axcess’s Board of Directors. “At eFunds, he demonstrated his strategic skills when he stabilized and then led the sale of the $150 million ATM division. Besides that achievement, he has an impressive array of accomplishments at eFunds and Bank of America. His ability to monetize ATM programs and portfolios will serve Global Axcess well going forward. He has already been working with our board on a consulting basis and has made numerous contributions as we work to turn around the business.”
For more information, visit www.globalaxcess.biz
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