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Global Payments completes merger of equals with TSYS

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Global Payments completes merger of equals with TSYS

Global Payments Inc. has completed its all-stock merger of equals with Total System Services Inc.

As previously disclosed, TSYS Chairman, President and CEO Troy Woods will become chairman of the board, while Global Payments CEO Jeff Sloan will serve as CEO of the combined company and will serve as a board member. Global Payments CFO Cameron Bready will become president and COO of the combined company, and TSYS CFO Paul Todd will be the combined company's CFO.

In addition to Woods and Sloan, other board members include five from Global Payments' board — William Jacobs, Robert Baldwin Jr., John Bruno, Ruth Marshall and William Plummer; and five from TSYS' board — Kriss Cloninger III, Thaddeus Arroyo, Joia Johnson, Connie McDaniel and John Turner.

In addition, Guido Sacchi will continue as senior executive vice president and chief information officer, Gaylon Jowers will continue as senior executive vice president and president of issuer solutions, and Kelley Knutson will remain senior executive vice president and president of NetSpend. Josh Whipple will serve as senior executive vice president and chief strategy and risk officer, and David Green will serve as senior executive vice president and general counsel and corporate secretary.