AUSTIN, Texas and SAN MATEO, Calif., July 3 TX-NetSpend-Corp-Sr
AUSTIN, Texas and SAN MATEO, Calif., July 3 /PRNewswire/ -- NetSpend
Corporation, a leading provider of prepaid reloadable debit cards in the
United States, today announced three new additions to its senior management
team in response to the company's expansion and growth.
"We are pleased to be rounding out our executive team in different areas
of the country as we continue to grow in the prepaid industry and expand our
company with new channels and partnerships," said CEO Daniel R. Henry. "The
combined strengths of these talented, entrepreneurial individuals are ideal
for our expansion and precisely aligned with NetSpend's objectives and
initiatives going forward."
Frank Cotroneo has been brought on as chief operating officer and is
responsible for NetSpend's operations, finance and accounting, and business
information. Within NetSpend, Cotroneo will head up the company's business
operations, enterprise risk management, information technology, and customer
support. Before joining NetSpend, Cotroneo was founder and principal of Core
Business Consulting, LLC, providing strategy, finance and business
reengineering consulting services to companies in financial services, and
served on NetSpend's board as audit committee chairman. Prior to his role at
Core Business Consulting, LLC, Frank served as chief financial officer of
Acxiom Corporation, chief financial officer of H&R Block and chief financial
officer of MasterCard International.
Anh Vazquez joins NetSpend as executive vice president responsible for
NetSpend's online channel. Vazquez comes to NetSpend with extensive
experience in the online space, working for Intel and Netscape, and as a
senior executive, most recently senior vice president, on the core team that
built Wal-Mart's billion dollar online business. Vazquez and her team are
based in NetSpend's recently opened San Mateo, California office.
NetSpend also announced the addition of Tom Cregan as executive vice
president and general manager, responsible for NetSpend's check cashing,
payday loan, and general retail channels. In this role he will lead more than
sixty team members to grow NetSpend's core business. Cregan joins NetSpend
from PaySpot, Inc., a subsidiary of Euronet Worldwide, where he served as
president. Prior to his role with PaySpot, Cregan was chief executive officer
of e-pay Australia and New Zealand, a company that Cregan set up and sold to
Euronet Worldwide in 2003.
About NetSpend Corporation
NetSpend Corporation is one of the premier providers of innovative,
accessible prepaid debit cards that enable financial freedom for under-banked
consumers. Grounded by a mission of financial empowerment, NetSpend is
committed to meeting its customers' financial services needs on their terms
while offering the convenience, security and acceptance of conventional
financial services. NetSpend's proprietary processing platform allows it to
support prepaid card programs end-to-end from customer acquisition and card
fulfillment to customer service and risk management. The NetSpend(R) Prepaid
Card Network includes leading consumer brands and companies serving the
un-banked and under-banked markets, and its strategic relationships include
card issuers, EFT networks and payment card associations. For more
information, visit http://www.netspend.com.
Contact:
Meghan Butler
GCI Read-Poland for NetSpend Corporation
(512) 472-4122
SOURCE NetSpend Corporation
