VeriFone Welcomes Karen Austin to Board of Directors

  VeriFone Welcomes Karen Austin to Board of Directors

    Major utility CIO and enterprise change management leader joins board

Business Wire

SAN JOSE, Calif. -- June 17, 2014

VeriFone Systems, Inc. (NYSE: PAY), today announced that Karen Austin, change
management expert and CIO for Pacific Gas & Electric Co. (PG&E), will join the
board, effective immediately.

“We are very excited to welcome Karen to the board. The technology expertise
she’s demonstrated at some of the nation’s largest retailers as well as her
strong leadership in implementing change across PG&E will be a great asset for
VeriFone and our executive team,” said Alex W. (Pete) Hart, chairman of the
board, VeriFone.

“I’m delighted to have Karen join our board,” said VeriFone CEO Paul Galant.
“Her success in leading organizational change, which essentially modernized
PG&E in ways that enhanced operations and customer service and pushed it into
the digital age, will help us to expedite the transformational progress
underway at VeriFone to become the company that we want to be - a company that
is client-first, operationally excellent, strategically focused, properly
organized, and operating with a single, distinct culture.”

After joining PG&E as CIO in 2011, where she oversees and directs IT systems
and cyber security initiatives that support all of PG&E’s customer touch
points, Austin transformed the enterprise into a more nimble and innovative
company that leveraged and digitized big data to enhance energy management for
both the utility and its customers. For this success, she was named one of
Computerworld’s Premier 100 IT leaders—an award program honoring leaders that
excel at demonstrating positive management strategies, innovation despite
business challenges and effective use of information technology.

Prior to joining PG&E, Austin held several executive-level positions at Kmart
Corporation and Sears Holdings Corporation. At Kmart, she served as Divisional
Vice President of Supply Chain Applications, Vice President of IT
Applications, and Vice President for Applications Development, Chief
Information Officer and Interim Chief Marketing Officer. At Sears, Austin
served as Senior Vice President, CIO and President of Consumer Electronics.

About VeriFone Systems, Inc. (www.verifone.com)

VeriFone Systems, Inc. (“VeriFone”) (NYSE: PAY) is the global leader in secure
electronic payment solutions. VeriFone provides 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.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995 for VeriFone Systems, Inc.

This press release includes certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on management’s current expectations or beliefs and on
currently available competitive, financial and economic data and are subject
to uncertainty and changes in circumstances. Actual results may vary
materially from those expressed or implied by the forward-looking statements
herein due to changes in economic, business, competitive, technological and/or
regulatory factors, and other risks and uncertainties affecting the operation
of the business of VeriFone Systems, Inc., including many factors beyond our
control. These risks and uncertainties include, but are not limited to, those
associated with: execution of our strategic plan and business initiatives and
whether the expected benefits of our plan and initiatives are achieved, short
product cycles and rapidly changing technologies, our ability to maintain
competitive leadership position with respect to our payment solution
offerings, our assumptions, judgments and estimates regarding the impact on
our business of the continued uncertainty in the global economic environment
and financial markets, our ability to successfully integrate acquired
businesses into our business and operations, our ability to protect against
fraud, the status of our relationship with and condition of third parties such
as our contract manufacturers, distributors and key suppliers upon whom we
rely in the conduct of our business, our dependence on a limited number of
customers, the conduct of our business and operations internationally, our
ability to effectively hedge our exposure to foreign currency exchange rate
fluctuations, and our dependence on a limited number of key employees. For a
further list and description of the risks and uncertainties affecting the
operations of our business, see our filings with the Securities and Exchange
Commission, including our annual report on Form 10-K and our quarterly reports
on Form 10-Q. The forward-looking statements speak only as of the date such
statements are made. VeriFone is under no obligation to, and expressly
disclaims any obligation to, update or alter its forward-looking statements,
whether as a result of new information, future events, changes in assumptions
or otherwise.

Contact:

VeriFone Systems, Inc.
Andy Payment, 770-754-3541
andy.payment@verifone.com
 
Press spacebar to pause and continue. Press esc to stop.