San Jose, Ca., USA - March 12, 2013, San Jose, Ca., USA - VeriFone Systems, a payment systems provider, announced that Douglas G. Bergeron is stepping down as chief executive officer and member of the board of directors.
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Mr. Bergeron has been CEO of VeriFone since July 2001, when he spearheaded the acquisition of the company from Hewlett Packard. He previously served in a variety of executive management positions at SunGard Data Systems Inc., including President of SunGard Futures Systems and Group CEO of SunGard Brokerage Systems Group. He was also Group President of Gores Technology Group.
Mr. Bergeron is on the Listed Company Advisory Committee of NYSE Euronext and on the Board of Directors of Fundtech Ltd. Mr. Bergeron is also a member of the Council on Foreign Relations (CFR).
Mr. Bergeron holds a Bachelor of Arts with honours from York University in Toronto, Canada, and a Masters of Science in Systems Management from the University of Southern California.
The company also announced that its chairman Richard A. McGinn has been named Interim CEO and continues as a member of the Board; Leslie G. Denend has been named Interim Chairman.
Mr. McGinn has served on the company’s Board of Directors since 2008. He also serves in senior positions at investment firms RRE Ventures and MR Investment Partners. Prior to that, his 30-year career in the global communication systems, networking, and technology industries included serving as CEO of Lucent Technologies. He also held a various executive level positions at AT&T, including as CEO of AT&T Network Systems. He holds a B.A. from Grinnell College.
Mr. Denend has served as a director since January 2005 and was named Interim Chairman of the Board of Directors in March 2013. He was President of Network Associates, he was President and CEO of Network General Corporation, and Chairman, President and CEO of Vitalink Communications Corporation until its acquisition by Network Systems Corp. and he remained as a business unit president at Network Systems Corp. He was Executive Vice President at 3Com Corporatio and he was also a partner in McKinsey and Company from December 1984 until January 1989.
Mr. Denend served as Executive Assistant to the Executive Director of the Council on International Economic Policy in the Executive Office of the President from August 1974 until August 1975, as a member of the National Security Council Staff from June 1977 until 1979, when he became the Special Assistant to the Assistant to the President for National Security Affairs, until January 1981. He also served as Deputy Director of the Cabinet Council on Economic Affairs from May 1982 until June 1983. ■