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VeriFone appoints new CEO
VeriFone Systems, a leading global secure electronic payments provider, has appointed Paul Galant as the company’s CEO and elected him to its board of directors, effective Oct. 1.
Prior to joining VeriFone, Galant served as the CEO of Citigroup Inc.’s Enterprise Payments business since 2010. Before that, from 2009, Galant served as CEO of Citi Cards, heading Citigroup’s North American and International Consumer Credit Cards business during a period of dramatic change in the industry. Prior to that, from 2007, he was CEO of Citi Transaction Services.
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Tiffany appoints new president
New York -- The board of directors of Tiffany & Co. has appointed Frederic Cumenal to the position of president of Tiffany & Co. and also appointed him to a newly created seat on the company’s board. Cumenal, 54, who has been with Tiffany in a regional executive role since March 2011, will retain his regional responsibilities and will assume responsibility for the design, merchandising and marketing functions.