Columbus-based TSYS, a processor of credit and debit card transactions for retailers and other businesses, said Paul Todd has been named chief financial officer.
Todd, who will also be a senior executive vice president, will assume his new roles on July 1 as CFO, replacing James Lipham, who will retire June 30 after nearly 30 years with the company, TSYS said.
Todd has served as executive vice president for strategy, mergers and acquisitions, product and marketing since 2008. Before joining the company he was was president and chief executive officer of Synovus Financial Management, a unit of Synovus Financial Corp.
Tsys Chairman and CEO Philip Tomlinson said Lipham has been “an instrumental figure” in the company’s growth since 1984. “Jim’s vision and leadership guided the company in its spin-off from Synovus and TSYS’ investment grade credit ratings from Standard and Poors and Moody’s,” Tomlinson said in a statement,” Tomlinson said in a statement.
Two weeks ago, the company announced it had sold its interests in its operations in Japan. The company also recently increased its stake in San Rafael, Calif.-based Central Payments Co., a provider of transaction processing services and social marketing software, to a 75 percent ownership.
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