TSYS Names Tomlinson as CEO
Woods appointed as president and COO
Columbus, Ga., Dec. 9, 2003 - Richard W. Ussery, chairman of the board of TSYS, announced today that the TSYS® Board of Directors has elected Philip W. Tomlinson as chief executive officer and M. Troy Woods as president and chief operating officer. Ussery will continue as chairman of the board and an active member of the TSYS executive management team. The transition begins immediately and will be formally effective on Jan. 1, 2004.
"This move is the result of a carefully developed long-range succession plan for the executive and leadership teams at TSYS," Ussery said.
|M. Troy Woods|
"We intend to provide an orderly transition for our executive leadership while building management depth and creating opportunities for leaders throughout the organization. This seamless leadership transition positions TSYS for sustained growth and continued success," Ussery said. "It is especially rewarding for me to see Phil and Troy accept these new roles and responsibilities. They are proven leaders, and they have been instrumental in shaping the success of our company."
In his new role as CEO, Tomlinson will be responsible for the company's vision, strategic direction and ultimate fiduciary responsibility for the company's performance. As president and COO, Woods will manage the day-to-day operations and execution of the company's strategies.
|M. Troy Woods, Philip Tomlinson, Rick Ussery|
"Our vision is for TSYS to become the preferred provider of global payment and financial technologies in every market where we compete," Tomlinson said. "For 21 years, Rick has provided exceptional leadership for the TSYS team, and in that time, we have been true partners and friends in building TSYS together."
"I am grateful for the opportunity to help build upon the foundation that Rick and Phil have established," Woods said. "TSYS is well-known for its leadership in people, service and technology. Together we will move the company forward."
TSYS (NYSE: TSS) (www.tsys.com) brings integrity and innovation to the world of electronic payment services as the integral link between buyers and sellers in this rapidly evolving universe. Synovus (NYSE: SNV) owns an 81-percent interest in TSYS. For more information, contact email@example.com.