TSYS Restructures Executive Team, Business Units
Broad reorganization focuses on client service, efficiency and streamlined innovation
Columbus, Ga., April 15, 2004 - In its broadest reorganization ever, TSYS has promoted eight executives, created a new management committee and realigned many of its business units to improve client service and discipline, focus on business practices and streamline the development and delivery of new technologies.
"Today will be remembered as a watershed event in our history," says Philip W. Tomlinson, chief executive officer of TSYS. "It's big, it's imaginative and it's energizing. We are giving the right people greater opportunities to improve the value that TSYS delivers to our clients and our shareholders."
The following individuals were promoted to senior executive vice president: Kenneth L. Tye, chief information officer, technical services group; William A. Pruett, client services group; and James B. Lipham, chief financial officer, financial services group. Mr. Tye and Mr. Pruett will report to M. Troy Woods, president and chief operating officer; Mr. Lipham will report to Mr. Tomlinson, the CEO.
Four group executives have been promoted to executive vice president:
- Gaylon M. Jowers Jr. will be responsible for sales, strategy and emerging markets. He will report to Mr. Woods.
- Connie Cartledge Dudley will be responsible for product and client development.
- Stephen W. Humber has been named chief technology officer responsible for software development. Ms. Dudley and Mr. Humber report to Mr. Tye, with their divisions forming a new technical services group that presides over all aspects of innovation, systems development and operations.
- Colleen W. Kynard will be responsible for customer care, with her divisions and others forming a new client services group that reports to Mr. Pruett.
Ryland L. Harrelson, group executive for resource management and team services, joins these four executive vice presidents to form a new management committee, which will make recommendations to senior executives concerning strategic issues and corporate policies.
Additionally, Dorenda K. Weaver has been promoted from group executive to chief accounting officer, reporting to Mr. Lipham in a new financial services group that manages accounting, regulatory reporting and other financial control issues.
"This new leadership team has its fingerprints on most of this company's pivotal decisions. They listen and understand the voice of the client," Mr. Woods says. "Together, they will protect our company's strategic balance among client relationships, revenue growth, expense control and innovation. We are extremely proud to have them on our team."
See www.tsys.com for more information about these executives, their new roles and responsibilities and an organizational chart (20KB PDF) that illustrates their relationships.
About TSYSTSYS (NYSE: TSS) brings integrity and innovation to the world of electronic payment services as the integral link between buyers and sellers in this rapidly evolving universe. Synovus (NYSE: SNV) owns an 81.1-percent interest in TSYS. For more information, contact news@tsys.com.
Contacts:
Cyle Mims
TSYS Media Relations
+1.706.644.3110
cylemims@tsys.com
Shawn Roberts
TSYS Investor Relations
+1.706.644.6081
shawnroberts@tsys.com