CPI Card Group Inc, a payment technology company and leading provider of credit, debit and prepaid solutions, announced that H. Sanford Riley has been appointed Independent Chair of its Board of Directors.
“I am excited about the opportunity to help CPI build on its position as a market leader in the U.S. payments space by continuing to evolve its customer-focused strategy to respond to new market opportunities.”
Riley, President and CEO of Richardson Financial Group Limited, joined the CPI Board in May. He has served in his current role at Richardson, a specialized financial services company, since 2003 and was previously President and CEO and Chairman of Investor Group, Inc., Canada’s largest mutual fund company. Riley is also a member of the board of directors of Molson Coors and RF Capital Group Inc., and previously served on the boards of Canadian Western Bank, The North West Company and Manitoba Hydro.
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“We are excited to welcome Sandy as CPI’s new Board Chair,” said Valerie Soranno Keating, Chair of the Nominating and Corporate Governance Committee. “His strong financial services and public company experience complements our Board’s current composition, and he will be a great source of guidance for the Company as it pursues its strategies to drive growth and enhance shareholder value.”
“I am very impressed with CPI‘s leadership team and the Company’s accomplishments over the last five years,” said Riley. “I am excited about the opportunity to help CPI build on its position as a market leader in the U.S. payments space by continuing to evolve its customer-focused strategy to respond to new market opportunities.”
SOURCE: Businesswire