CINCINNATI and LONDON, Dec. 4, 2017 — Today, Vantiv, Inc. (NYSE: VNTV) and Worldpay Group plc (LSE: WPG) announced the executive leadership team appointments for the combined company, reaching another major milestone toward the completion of the transaction.
The combination of Vantiv and Worldpay will create a leading payment provider, powering global integrated omni-commerce through a unique combination of scale, global presence and complementary, distribution, technology and talent, which is reflected in the new executive team.
“Our new executive team leverages the strong talent of the two companies,” said Charles Drucker, President and Chief Executive Officer of Vantiv. “We’ve designed the combined company executive roles in line with the strategic rationale of the transaction, ensuring that we will capitalize on the revenue opportunities and cost synergies before us. Vantiv and Worldpay are stronger together, and we will be able to achieve more combined than either of us could do alone.”
Philip Jansen, Chief Executive Officer of Worldpay, noted “The executive talent we’ve brought together will provide great continuity for the business and will help us have a fast-start in the market as the transaction closes. Given the robust integration planning we’ve been conducting over the past several months, we expect our integration to be seamless for our clients and partners. With this new executive team, Charles and I look forward to creating and leading the world’s strongest global omni-commerce payments provider.”
Effective upon the close of the transaction, the new executive leadership team will be:
Stephanie Ferris, who currently serves as Vantiv’s Chief Financial Officer, will serve as global CFO, as previously disclosed.
Royal Cole, who currently leads Vantiv’s Merchant & Financial Institution Services businesses, will serve in an expanded role as Executive Vice President, Head of the North American region.
Steve Newton, who currently serves as Worldpay’s Interim Chief Operating Officer, will serve as Executive Vice President, Head of the U.K. and European region.
Shane Happach, who currently leads Worldpay’s Global eCommerce business, will continue leading this key and fast-growing segment globally as Executive Vice President, Head of Global Enterprise eCommerce.
Matt Taylor, who currently leads Vantiv’s Integrated Payments and Emerging Payments businesses, will serve as Executive Vice President, Global Integrated Payments and SMB eCommerce. This new global business unit will focus on expanding Integrated Payments around the world and winning share of the fast-growing SMB eCommerce customer segment globally.
Mark Heimbouch, who currently serves as Vantiv’s Chief Operating Officer, will serve as the combined company’s COO, bringing all technology infrastructure, technology development, security and operations team together into one group.
Mark Kimber, who currently serves as Worldpay’s Chief Information Officer, will serve as the combined company’s Chief Product Officer to drive the creation of customer-centric innovation and its delivery at scale.
Kevin McCarten, who currently serves as Worldpay’s Chief Strategy Officer, will serve as the combined company’s global Chief Strategy Officer.
Ron Kalifa, who currently serves as Worldpay’s Executive Vice Chairman, will serve as Executive Director.
Ned Greene, who currently serves as Vantiv’s Chief Legal and Corporate Services Officer, will serve as the combined company’s global CLO and Corporate Secretary of the Board of Directors.
Kim Martin, who currently serves as Vantiv’s Chief Human Resources Officer, will serve as the combined company’s global CHRO.
The new company will be led by Charles Drucker as executive chairman and co-CEO, and Philip Jansen as co-CEO. Drucker will lead the company’s strategic functions, including executing the integration of the combined business, and Jansen will lead the company’s go to market and new sales efforts, including cross-selling across the combined client base.
Cincinnati, Ohio, will be the new company’s global and corporate headquarters and London, U.K., will be its international headquarters. The new company’s name will be Worldpay, Inc. Upon closing, the company’s class A common stock will trade on the New York Stock Exchange under the symbol “WP” and on the London Stock Exchange via a standard listing under the symbol “WPY.”
As previously disclosed in the Scheme of Arrangement, Vantiv and Worldpay expect the transaction to close on January 16, 2018 following respective shareholder votes and court approval.
About Vantiv
Vantiv (NYSE: VNTV) is the largest merchant and PIN debit acquirer in the US, based on number of transactions, processing 25 billion transactions and nearly $1 trillion in sales volume annually. A leading integrated payment processor, Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes, enabling them to address their payment processing needs through a single provider.
Founded in 1971, Vantiv is using its scale, range of products and services, and technology to expand further into high-growth channels and verticals, including integrated payments, eCommerce, B2B payments, and merchant banking. Headquartered in Cincinnati, Ohio, Vantiv employs approximately 3,700 people.
About Worldpay
Worldpay is a leading payments company with global reach. Worldpay provides an extensive range of technology-led payment products and services to around 400,000 customers, enabling their businesses to grow and prosper. Worldpay manages the increasing complexity of the payments landscape for its customers, allowing them to accept the widest range of payment types around the world. Using its network and technology, Worldpay is able to process payments across 146 countries and 126 currencies. Worldpay helps its customers to accept more than 300 different payment types.
The UK transaction announcement, which contains further information and the terms and conditions of the transaction, can be found at the companies’ respective investor relations websites.
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