– USA, CO – CPI Card Group Inc. (Nasdaq: PMTS), a payment technology company and leading provider of credit, debit, and prepaid solutions, today announced the appointment of Ravi Mallela to its Board as an Independent Director, effective November 15, 2023, expanding the Board to seven members, of whom six are independent.
“We are very pleased to have Ravi join the CPI Board. His strong financial and business experience complements the skill sets of our other Board members nicely, and he will be a great asset as we work with the management team to drive long-term shareholder value,” said Board Chair, Sanford Riley.
Ravi Mallela will also join the Audit Committee.
About Ravi Mallela
Ravi Mallela currently serves as CFO of NMI Holdings Inc. (Nasdaq: NMIH), a publicly traded mortgage insurance company. Previously, Mr. Mallela served as EVP and CFO of First Hawaiian Group and First Hawaiian Bank from 2018 until 2022 and as SVP, Head of Finance and Treasury of First Republic Bank from 2013 to 2018. He holds an MBA from the UCLA Anderson School of Management and a Bachelor of Science degree in Economics from the University of San Francisco.
“I am excited to join the CPI Board of Directors,” said Ravi Mallela. “The Company has established itself as a leader in the U.S. payments space and I am looking forward to contributing to its future success.”About CPI Card Group Inc.
About CPI Card Group
CPI Card Group is a payment technology company providing a comprehensive range of credit, debit, and prepaid card solutions, complementary digital solutions, and Software-as-a-Service instant issuance. With a focus on building personal relationships and earning trust, we help our customers navigate the constantly evolving world of payments, while delivering innovative solutions that spark connections and support their brands. We serve clients across indindustriesizsizesnd scale through our team of experienced, dedicated employees and our network of high-security production and card services facilities—located in the United States. CPI is committed to exceeding our customers’ expectations, transforming our industry, and enhancing the way people pay every day.
SOURCE: https://www.cpicardgroup.com/
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