AFLAC President and CFO Cloninger Joins TSYS Board
Columbus, Ga., July 20, 2004 - Kriss Cloninger III, president and chief financial officer of AFLAC Inc., was elected to the TSYS board of directors on July 20. His term begins immediately, and he will stand for re-election by TSYS shareholders at the next annual meeting of shareholders in April 2005.
"Based on his contributions to AFLAC's enviable history of shareholder returns and experience in Asian markets, Kriss is a wonderful addition to our board of directors as TSYS continues its record of growth and international expansion,"says Richard W. Ussery, chairman of the board of TSYS. "As CFO of one of America's most respected and admired companies, Kriss has a tremendous grasp of issues related to sound corporate governance."
Cloninger joined AFLAC in 1992 as a senior vice president and chief financial officer. He became president in 2001, retaining the title of CFO. Since joining AFLAC, his primary responsibilities have included financial management of all company operations in the United States and Japan.
Cloninger also plays a key role in developing strategic and operational plans for AFLAC, including the company's yen-debt financing program, the share repurchase program, capital hedging strategy and profit repatriation strategy, among others.
Cloninger also serves on the boards of directors for AFLAC Inc. and Tupperware Corporation. A resident of Columbus, he is a board member for the city's RiverCenter for the Performing Arts and Historic Columbus Foundation. Cloninger earned his bachelor's and master's degrees in business administration from the University of Texas at Austin.
About TSYSTSYS (NYSE: TSS) (www.tsys.com) 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) (www.synovus.com) owns an 81-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