New Appointments Add Depth and Expertise to Senior Leadership
MALVERN, Pa.--(BUSINESS WIRE)--
USA
Technologies, Inc. (NASDAQ:USAT) ("USAT"), a premier payment
technology service provider of integrated cashless and mobile
transactions in the self-service retail market, today announced it has
appointed Robert L. Metzger, 48, to the Company's Board of Directors.
Mr. Metzger was appointed to the Board on March 11, 2016, increasing the
size of the Board from six to seven members. In addition, USAT has
appointed Michael K. Lawlor, 54, as the chief services officer ("CSO")
responsible for oversight and leadership of teams managing the key
elements of the ePort® Connect Service.
Robert L. Metzger - Board of Directors
Mr. Metzger brings to the Board over 25 years of senior leadership
experience from the financial services sector. Since August 2015, he has
been on the faculty of the University of Illinois at Urbana-Champaign's
College of Business as the Director of the Investment Banking Academy
and a lecturer at the Department of Finance. He also serves on the Board
of Directors of WageWorks, Inc., where he is a member of the Audit
Committee. Previously, he was a partner at William Blair & Company from
2005 to 2015, after joining the firm in 1999. While there, he served as
head of the Technology and Financial Services Investment Banking Groups
and completed in excess of 100 transactions during his 15-plus year
career at the firm. In addition, he acted as Chairman of the firm's
Audit Committee from 2013-2015. Mr. Metzger holds a Master of Business
Administration with concentrations in finance and strategy from
Northwestern University's Kellogg School of Management and a Bachelor's
of Science degree in Accountancy from the University of Illinois at
Urbana-Champaign.
"Rob brings with him a wealth of knowledge in finance and accounting,
and especially dealing with public companies and capital markets. His
extensive experience with the fintech and payments space will help guide
us as we continue our growth and pursue our goal of driving additional
value to each customer connection," said Stephen P. Herbert, Chief
Executive Officer, USA Technologies. "We look forward to benefiting from
his leadership and expertise, and welcome him to our board of directors."
Michael K. Lawlor - Chief Services Officer
Mr. Lawlor's new responsibilities as CSO include overseeing the growth
and penetration of ePort Connect services, including client service and
support, consumer engagement services, and strategic partnerships. He
will work with the company's key strategic electronic payment, mobile
and wireless partners to identify new opportunities that further
accelerate USAT's growth, provide day-to-day customer services and
support to the company's more than 10,000 customers on the ePort Connect
service, and leverage the company's Knowledge Base to expand USAT's
leadership position and customer penetration and growth.
Prior to his role as CSO, Mr. Lawlor was senior vice president of sales
and business development at USA Technologies. Since joining the company
in 1996, Mr. Lawlor has provided senior leadership driving innovative
sales programs, national strategic partnerships and the development of
an expanded suite of electronic payment services. Prior to joining the
Company, he worked for Pepsi Cola Co., a division of PepsiCo, managing
the retail, restaurant and vending business sectors with regional and
national positions that spanned several functions including sales,
operations, and sales management in the Dallas and Houston, Texas,
markets. He was also a national accounts sales manager on the Pepsi Cola
national food service team, responsible for corporate and franchise
relationships, with multiple national restaurant chains. Mr. Lawlor
graduated with a Bachelor of Business Administration degree from the
University of Texas, Arlington, in 1986.
"Mike has been instrumental in growing the adoption of our ePort Connect
service, penetrating new markets and generating new revenues with
expanded products and services all while retaining a quickly growing
roster of clients," said Stephen P. Herbert, chairman and chief
executive officer, USA Technologies. "The addition of Mike as CSO is a
key ingredient to further establishing our leadership in the industry
and ensuring that USAT remains the payment industry's preeminent
provider of world class cashless payment, loyalty, consumer engagement
and telemetry services for the unattended retail market."
About USA Technologies
USA Technologies, Inc. is a premier payment technology service provider
of integrated cashless and mobile transactions in the self-service
retail market. The company also provides a broad line of cashless
acceptance technologies including its NFC- ready ePort® G-series, ePort
Mobile™ for customers on the go, and QuickConnect, an API Web service
for developers. USA Technologies has 78 United States and foreign
patents in force; and has agreements with Verizon, Visa, Chase
Paymentech and customers such as Compass, AMI Entertainment and others.
The Company recently acquired Portland, Oregon, based VendScreen, the
industry's leading manufacturer of retrofit touchscreen devices for
vending machines. For more information please visit the website at www.usatech.com.
F-USAT
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Source: USA Technologies, Inc.
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