[07/06/07]
Hypercom Corporation announced a reconfiguration of the Company's global sales and marketing functions to create a focused platform for revenue growth, streamline the organization, and further strengthen accountability for client relationships and anticipated market share growth globally. Reporting to Hypercom President Philippe Tartavull , the new organization structure creates a sales organization directly focused on key geographies, supported by a product and channel specialized marketing, development and services organization.
The following key executives will report to Mr. Tartavull:
Kazem Aminaee, Managing Director, Europe, Middle East and Africa
OB Rawls, Managing Director, Americas
TK Cheung, Managing Director, Asia Pacific
Neil Hudd, Senior Vice President, Global Marketing
Bret Zahn, Vice President, Development
Clint Jones, Vice President, Services Operations
"We are focusing our efforts to capture market share in high growth geographies where we have an established infrastructure and strong brand awareness, to capture more of the countertop market, and to aggressively target the mobile, multi-lane and unattended segments." said Mr. Tartavull. "We are doing this with an exceptional range of services and secure PCI-certified products and solutions sold and supported by the right professionals in the right geographies. The new organization will strengthen our ability to more quickly deliver the very best solutions to the market."
The reconfiguration follows a four month global review of the sales and marketing organization conducted by Mr. Tartavull, and results in a reorganized and de-layered sales and marketing function more closely aligned with product, market and segment needs.
The action is expected to result a net reduction of 14 marketing and sales personnel with employee severance costs estimated at less than $500,000, which are expected to be recorded in the Company's second quarter 2007 financial statements.
About Hypercom
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products and services. The company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. (www.hypercom.com)
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