ISO & Agent – 4/10/13: VeriFone is seeking a new CEO to take on a laundry list of challenges, but whoever steps into the role will also have lots of opportunities to revive the point-of-sale terminal maker. The company’s board is choosing a replacement for Doug Bergeron, its former CEO, whose nearly 12-year-long tenure began when private equity firm Gores Technology bought VeriFone from Hewlett-Packard in July 2001. Succeeding Bergeron will be a tall order, since VeriFone is often regarded by investors as “Doug’s company,” UBS analyst John Williams noted following Bergeron’s March 12 resignation, adding, “We do not believe his departure was amicable or voluntary.”
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Source: Paymentspulse

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