eFunds Announces Management Changes; Mick Spilsbury Named Senior Vice President, Product Management
SCOTTSDALE, Ariz., May 22 -- eFunds Corporation (NASDAQ: EFDS) , a leading provider of electronic payment, risk management, and related information technology and business-process-improvement services, today announced that Mick Spilsbury will join the company as Senior Vice President of Product Management on June 1.
A 25-year veteran of the banking industry, Spilsbury has served eFunds for the past several months in a consulting capacity. "With his major banking background in operations, technology and customer service, Mick brings deep customer knowledge and contacts, as well as product management and marketing expertise, that will serve us well," said Gus Blanchard, Chairman and CEO. Spilsbury will report directly to Blanchard.
Before joining eFunds Spilsbury was Executive Vice President of eCommerce and Operations/Customer Service at Union Bank of California. Prior to that he served as Executive Vice President, Internal Services and Senior Vice President Strategic Planning and Marketing at The Bank of California. Spilsbury also has held a variety of executive positions with the Barclay`s Group of Banks. He earned a BA in Economics from Cambridge University in England and an MA in Management from Henley Management School/Brunel University, England.
Spilsbury will replace William J. Hammel, who is planning to retire on September 1, but who will continue to serve as an advisor to eFunds. "Bill retires after some 30 years as a pioneer and leader in the field of electronic payments software and services. His contributions to eFunds have been many, and we are especially pleased that he will continue to serve us in an advisory role," Blanchard said.
Additionally, Blanchard announced that Dr. Nikhil Sinha, Executive Vice President of Global Sales, Marketing and Product Management, is leaving the company on June 1 for personal reasons and will not be replaced. "Nikhil was a critical force in creating our India-based professional services business, serving as the first president of its predecessor, iDLX Technology," Blanchard said. "Since the IPO in June 2000, his leadership of our marketing and sales efforts has greatly contributed to our post-IPO growth and profitability."
About eFunds
eFunds delivers innovative, reliable and cost-effective technology solutions to meet its customers` payment and risk management, eCommerce and business-process-improvement needs. eFunds provides its services to financial institutions, financial services companies, electronic funds networks, retailers, government agencies, eCommerce providers, and other companies around the world. http://www.efunds.com/
Contact:
Media
Lynne Reaves
+1-480-629-7644
lynne.reaves@efunds.com
Investor Relations
Debra Ford
+1-480-629-7619
debra.ford@efunds
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