VeriFone Systems Appoints Paul Galant As CEO - Quick Facts

(RTTNews) - VeriFone Systems, Inc. (PAY) announced that its Board of Directors has appointed Paul Galant as Chief Executive Officer and Member of the Board of Directors, effective October 1, 2013.

The company noted that prior to joining VeriFone, Galant served as the CEO of Citigroup Inc.'s Enterprise Payments business since 2010. Before that, from 2009, Galant served as CEO of Citi Cards, heading Citigroup's North American and International Consumer Credit Cards business during a period of dramatic change in the industry and positioned it for growth. Prior to that, from 2007, he was CEO of Citi Transaction Services, establishing the business as a core growth engine for Citi and expanding it into new product lines and markets serving Citi's largest institutional and government clients.

Before this, Paul was Global Head of eCommerce and Market Data Strategy for Citi Corporate and Investment Banking, VeriFone said.