CPI Card Group Inc.'s President and Chief Executive Officer, Scott Scheirman, has informed the Board of Directors of his intention to retire
CPI Card Group Inc. (PMTS), a payment technology company specializing in credit, debit, and prepaid solutions, has recently made a significant announcement. The company's President and Chief Executive Officer, Scott Scheirman, has informed the Board of Directors of his intention to retire, stepping down from his current role.
Scheirman will continue to serve as President and CEO until a successor is named, emphasizing the company's commitment to maintaining stability during the transition period. His retirement is expected to take effect on February 28, 2024, providing ample time for the Board of Directors to identify and evaluate potential candidates for the role of CEO. CPI's succession plan aims to announce a new CEO in late 2023 or early 2024, ensuring a seamless shift in leadership.
During his tenure at CPI, Scott Scheirman, 60, has made significant contributions to the company's success. Having joined the company's Board in October 2016, he was subsequently appointed as President and CEO in October 2017. Under his leadership, CPI's customer-centric strategy has driven growth, market share gains, and an increase in shareholder value.
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