(Source: Business Wire)
USA Technologies (NASDAQ:USAT), a leading provider of technology-enabled
solutions that facilitate payment transactions within the unattended
Point of Sale ("POS") market, has appointed Steven D. Barnhart and Jack
E. Price to its Board of Directors, increasing the size of the Board to
eight members. Stephen W. McHugh, a former Director, has resigned from
the Board.
Steven D. Barnhart has successfully led technology and consumer product
companies through rapid growth and change. He is experienced in creating
and executing strategies for both public and private equity backed
companies. He has developed and executed growth strategies in online
commerce, technology, consumer packaged goods and retail distribution.
Most recently, Mr. Barnhart was CEO and President of Orbitz Worldwide,
from 2007-2009, after holding other executive positions since 2003, when
he joined the company. Prior to Orbitz Worldwide he worked for PepsiCo
and the Pepsi Bottling Group from 1990-2003, where he was Finance
Director for the Southeast Business Unit of the Pepsi Bottling Group,
and also held other regional and strategic positions for PepsiCo and
Frito-Lay. Mr. Barnhart has also been appointed to serve as a member of
the Audit Committee of the Board of Directors of USA Technologies.
Jack E. Price has had a successful record of building and growing
businesses in Fortune 100 domestic and international markets. He has
been recognized for his leadership in operations, sales, marketing,
acquisitions, acquisition integration and organizational and process
re-engineering. Most recently he was President and CEO of NovaRay
Medical Inc., from 2007-2009. Prior to that, he was President and CEO of
VSM MedTech Ltd. from 2003-2006, and was President and Division Chief
Executive Officer of Philips Medical Systems from 1996-2003, having
joined Philips Medical Systems in 1993 as Vice President and General
Manager. He was also with General Electric Medical Systems from
1988-1993, where he held Vice President and General Manager positions.
Mr. Price has also been appointed to serve as a member of the
Compensation Committee of the Board of Directors of USA Technologies.
George Jensen, Chairman and CEO of USA Technologies said, "On behalf of
the Board of Directors, we welcome Steve and Jack to the Board. Each of
these two executives brings a wealth of experience to our company, and
we look forward to their guidance as we continue to expand our markets
and manage our growth. With their combined expertise in technology,
consumer products, marketing and growth companies, their guidance will
be essential as we execute our strategic growth plan."
Mr.
