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EVERTEC Announces Management Changes

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EVERTEC, Inc. (NYSE: EVTC) announced key management changes, appointing Diego Viglianco as Chief Operating Officer and Philip Steurer, formerly COO, as Chief Strategy Officer. CEO Mac Schuessler expressed optimism about these changes, highlighting Viglianco's extensive experience in Latin American payments and Steurer's deep industry knowledge since joining Evertec in 2012. With over two billion transactions processed annually, Evertec continues to enhance its leadership as it aims to align product strategy and seize market opportunities in Latin America and the Caribbean.

Positive
  • Appointment of Diego Viglianco as COO expected to enhance leadership strength.
  • Philip Steurer's promotion to Chief Strategy Officer leverages his extensive industry knowledge.
Negative
  • None.

EVERTEC, Inc. (NYSE: EVTC) (“Evertec” or the “Company”) today announced management changes, including the addition of Diego Viglianco as Chief Operating Officer and naming Philip Steurer, formerly Evertec Chief Operating Officer, as Chief Strategy Officer.

Mac Schuessler, President and Chief Executive Officer stated, “I am pleased to add Diego to the Evertec team and also appoint Phil as our Chief Strategy Officer as we continue to focus on our strategic vision and growth plans for the Company. Phil has been with Evertec since 2012 and his knowledge of the payments industry, as well as our business, will help us drive alignment of product strategy, customer excellence and market opportunity. Diego’s experience in Latin American payments combined with his technical expertise will further strengthen our leadership team as we shape the future of Evertec."

Diego Viglianco most recently served as the CEO of Interbanking, S.A, a digital financial ACH/Real Time payments company headquartered in Argentina. Previously, Viglianco has held senior management positions with Prisma Medios De Pago S.A in Argentina, MasterCard in Argentina and Miami, USA, and Promocion y Operacion S.A. de C.V. (PROSA) in Mexico. Viglianco holds an MBA in Economy and Business Administration from ESEADE University, Argentina and a Bachelor of Science in Engineering from University of Salvador, Argentina.

Philip Steurer most recently served as Chief Operating Officer and joined Evertec in 2012. Before joining the Company, Steurer worked for over 11 years at First Data Corporation, where he last served as Senior Vice President, Latín America and Caribbean. Steurer holds an MBA in Finance from Indiana University and a Bachelor of Business Administration degree in Finance from the University of Notre Dame.

About Evertec

EVERTEC, Inc. (NYSE: EVTC) is a leading full-service transaction processing business in Puerto Rico, the Caribbean, and Latin America, providing a broad range of merchant acquiring, payment processing and business solutions services. The Company manages a system of electronic payment networks that process more than two billion transactions annually and offers a comprehensive suite of services for core bank processing, cash processing and technology outsourcing. In addition, Evertec owns and operates the ATH® network, one of the leading personal identification number (“PIN”) debit networks in Latin America. Based in Puerto Rico, the Company operates in 26 Latin American countries and serves a diversified customer base of leading financial institutions, merchants, corporations and government agencies with “mission-critical” technology solutions. For more information, visit www.evertecinc.com.

FAQ

Who is Diego Viglianco and what is his role at Evertec?

Diego Viglianco is the newly appointed Chief Operating Officer of Evertec, bringing extensive experience in Latin American payments.

What position did Philip Steurer take at Evertec?

Philip Steurer has been appointed as Chief Strategy Officer after previously serving as Chief Operating Officer.

What is the significance of management changes at Evertec?

The management changes are aimed at strengthening leadership and aligning product strategy to enhance growth opportunities for Evertec.

How long has Philip Steurer been with Evertec?

Philip Steurer has been with Evertec since 2012, contributing significant experience to the company.

What industry experience does Diego Viglianco bring to Evertec?

Diego Viglianco has held senior management positions in various payment companies and was the CEO of Interbanking, S.A.

EVERTEC, INC.

NYSE:EVTC

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