– USA, CA – VeriFone Systems, Inc. (NYSE: PAY) today announced the nomination of former Sun Microsystems CEO Jonathan I. Schwartz as a board member at the company’s 2014 Annual Meeting of Stockholders scheduled for June 17, 2014. Additionally, the company announced that both Dr. Leslie Denend, a board member and current board chairman, and board member Jeff Stiefler, will not stand for re-election. If elected, current board member Alex W. (Pete) Hart will assume the role of board chairman.
Schwartz has broad technology expertise, and brings extensive operational and strategic experience as a chief executive officer to the VeriFone board. He is currently president and CEO of CareZone, Inc., a mobile application for family caregivers, which he co-founded in 2010. Schwartz previously served as CEO and board member for Sun Microsystems prior to its acquisition by Oracle Corp., and was also the founder, president and CEO of Lighthouse Design, Ltd., a software company ultimately acquired by Sun Microsystems in 1996. He began his career with McKinsey & Co. Schwartz currently serves on the board of directors for Silver Spring Networks, Inc. and Jut, Inc.
“VeriFone is a company that is well-poised to benefit as an enabler of the next generation of global commerce, and is on an exciting trajectory under its new leadership team,” said Schwartz. “I look forward to working with VeriFone’s board and management team to help the company realize its full potential.”
“We are excited that Jonathan has agreed to join our Board and, once our shareholders have spoken, his business and innovation acumen will serve as a valuable resource in helping VeriFone evolve as a company, enable the next generation of commerce, and meet our clients’ needs in this changing payments landscape,” said VeriFone CEO Paul Galant. “Additionally, we are very grateful for the guidance and service provided by Les and Jeff during their years as members of the board, and I want to thank them for their contributions.”
About VeriFone Systems, Inc.
VeriFone Systems, Inc. (“VeriFone”) (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFoneprovides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets.VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.
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