Home Local News Evertec makes leadership changes
Issued : Wednesday, February 29, 2012 12:05 PM
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Evertec makes leadership changes

By CB Online Staff

Evertec Inc. announced changes in the company’s leadership as it finalizes its transition to a stand-alone company and positions itself for its next phase of growth.

Félix M. Villamil has been elevated to vice chairman of Evertec’s board of directors and has passed on day-to-day leadership duties to a new chief executive officer, Peter Harrington.

“Félix oversaw the company’s growth from a division within Popular to an independent, global player in the payments processing sector. He led us through Evertec’s transition to a stand-alone company and oversaw exceptional growth,” said Marc Becker, Evertec’s board chairman. “We are now poised to bring the company to the next level, and we believe that Peter has the experience and global perspective to make this happen.”

Popular Inc. sold a 51 percent share in Evertec, its processing unit, to an affiliate of Apollo Management in 2010. Popular retained a 49 percent stake.

Harrington previously served as president of Latin America and Canada for First Data Corp., a global technology and payments processing company. He has extensive experience managing and growing payment processing businesses in Latin America, as well as North America, Asia and Europe.

Evertec also announced the promotion of Miguel Vizcarrondo from senior vice president to executive vice president now responsible for the merchant acquiring business and the ATH Network. Vizcarrondo has been responsible for the Merchant Acquiring Business since 2006 and came to Evertec in 2010 from Banco Popular. Miguel has significant experience leading and growing the merchant acquiring business and other businesses both at Evertec and Banco Popular.

“We are also very pleased about having Miguel take on this new role. We have a superb executive team in place and are excited about the future,” Becker said.

Evertec is a diversified processing business, offering transaction and payment processing, merchant acquiring and processing and business process management solutions in Puerto Rico and certain countries throughout the Caribbean and Latin America. The company owns and operates the ATH network, the leading debit payment and ATM network in Puerto Rico.

Evertec’s products and services include point-of-sale processing, network and switch services, automated teller machine driving services, core bank processing, business process outsourcing solutions, technology infrastructure management, financial services applications and merchant acquiring services. Headquartered in San Juan, the company has approximately 1,600 employees in six countries throughout the Caribbean and Latin America.

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