Private equity firm Apollo Global Management will take Rackspace private in the all-cash deal.
Carl F. Pascarella, president and CEO of Visa USA from 1993 to 2005, has joined the board of directors of payments processor CyberSource.
Carl F. Pascarella, president and CEO of Visa USA Inc. from 1993 to 2005, has joined the board of directors of payments processor CyberSource Corp.
Pascarella is an executive advisor at TPG, a global private equity firm. He retired from Visa U.S.A. in 2005. Before heading up Visa USA., Pascarella was president and CEO of Visa International’s Asia-Pacific Region and director of the Asia-Pacific Regional Board for 11 years.
Before joining Visa International, he was vice president of the International Division of Crocker National Bank and vice president, metropolitan banking, at Bankers Trust Co.
“In addition to his extensive leadership experience in the payment industry, Carl Pascarella has a unique background in the international side of the business, a key growth factor for CyberSource.” says Bill McKiernan, CyberSource chairman and CEO. “Carl’s appointment to the Board also increases the number of independent directors, furthering our commitment to best practices in corporate governance.”
CyberSource’s Dave Glaser will speak at the Internet Retailer Conference & Exhibition, June 15-18, 2009, in Boston in a session entitled Pay attention; Payment security is important to small retailers.