CPI Card Group Announces Organizational Changes

Rhea-AI Summary

CPI Card Group Inc. (NASDAQ: PMTS) has announced key organizational changes aimed at enhancing long-term growth opportunities. Lane Dubin has been promoted to Chief Development and Digital Officer, overseeing new product and business development in digital payments. John Lowe steps up as Chief of End-to-End Payment Solutions, optimizing customer experience across debit and credit offerings. Peggy O’Leary is now Senior Vice President of Prepaid Solutions. These promotions will support CPI's mission to deliver innovative payment solutions and better meet customer needs.

Positive

• Organizational changes positioned to drive long-term growth.
• Promotion of Lane Dubin to Chief Development and Digital Officer enhances focus on digital payments.
• John Lowe's new role as Chief of End-to-End Payment Solutions optimizes service offerings.
• Peggy O’Leary's promotion supports the expansion of prepaid solutions.

Negative

• None.

Lane Dubin Promoted to New Role of Chief Development and Digital Officer;

John Lowe Promoted to Lead End-to-End Payment Solutions;

Peggy O’Leary Promoted to Lead Prepaid Solutions

LITTLETON, Colo.--(BUSINESS WIRE)-- CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit and prepaid solutions, today announced organizational changes designed to expand the Company’s long-term growth opportunities, including new product and new business development, and better align the organization to further support end-to-end and innovative solutions for customers in its debit and credit and prepaid businesses.

These changes include:

• Lane Dubin has been promoted to the newly-created position of Executive Vice President and Chief Development and Digital Officer. In this role, he will be responsible for new product and new business development, including digital payment solutions. Dubin was most recently CPI’s Senior Vice President and General Manager Prepaid, Personalization Solutions, and Instant Issuance.
• John Lowe has been promoted to Executive Vice President, End-to-End Payment Solutions. Lowe was previously Senior Vice President and General Manager Secure Card and now adds Personalization Solutions and Instant Issuance to his organization, which will allow the Company to optimize customer experience and sales efforts for all debit and credit products and services.
• Peggy O’Leary has been promoted to Senior Vice President Prepaid Solutions, after most recently serving as Vice President of Sales of Prepaid, Personalization Solutions, and Instant Issuance.

Dubin, Lowe, and O’Leary will each report to President and Chief Executive Officer Scott Scheirman.

“This team has delivered strong performance over the past several years, and we are very pleased to have internal leaders that can step into these new and expanded roles,” said Scott Scheirman, President and Chief Executive Officer of CPI. “We believe these organizational changes will position us well to continue to drive long-term growth and better support the end-to-end solutions needs of our customers.”

About CPI Card Group Inc.

CPI Card Group® is a payment technology company and leading provider of credit, debit and prepaid solutions delivered physically, digitally and on-demand. CPI helps our customers foster connections and build their brands through innovative and reliable solutions, including financial payment cards, personalization and Software-as-a-Service (SaaS) instant issuance. CPI has more than 20 years of experience in the payments market and is a trusted partner to financial institutions and payments services providers. Serving customers from locations throughout the United States, CPI has a large network of high security facilities, each of which is registered as PCI compliant by one or more of the payment brands: Visa, Mastercard®, American Express® and Discover®. Learn more at www.cpicardgroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221213005919/en/

CPI Card Group Inc. Investor Relations:

(877) 369-9016

InvestorRelations@cpicardgroup.com

Source: CPI Card Group Inc.

FAQ

Who has been promoted to Chief Development and Digital Officer at CPI Card Group?

Lane Dubin has been promoted to Chief Development and Digital Officer.

What is the new role of John Lowe at CPI Card Group?

John Lowe has been promoted to Executive Vice President, End-to-End Payment Solutions.

When were the organizational changes at CPI Card Group announced?

The organizational changes were announced on the date of the press release, which is not specified.

What company is represented by the ticker symbol PMTS?

CPI Card Group Inc. is represented by the ticker symbol PMTS.

What are the responsibilities of the new Chief Development and Digital Officer at CPI?

The Chief Development and Digital Officer will oversee new product and business development, particularly in digital payment solutions.