Euronet Announces Management Changes in EFT Processing Segment

In his new role as COO for Euronets Prepaid Processing Segment, Mr. Bergman will assume a key role in providing leadership and strategic direction for growing and efficiently operating this Segments subsidiaries and offices in 10 countries. Mr. Bergman retains his position as Executive Vice President of Euronet Worldwide and will remain based in Europe. Mr. Bergman, who has been with Euronet since 1997, was the Managing Director of our EMEA region for our EFT Processing Segment. He was instrumental in expanding the EFT business to 16 countries, increasing the ATM count by six-fold and achieving strong profitability for the division over the past five years. Prior to joining Euronet, Mr. Bergman was with First Bank System from 1992 to 1996 as Vice President in charge of the banks off-premise ATM business of over 1,200 ATMs. He also served as Vice President of new Visa co-brand card program initiatives. From 1988 to 1992, Mr. Bergman worked for Citicorp-Diners Club in various card management and marketing positions. Mr. Bergman received a bachelors degree in business administration from the University of New York at Albany and an M.B.A. from Cornell University. Mr. Romney, who has been with Euronet since 1997, will take over the duties of Managing Director of EMEA EFT from Mr. Bergman. In this new role, he is responsible for Euronets EMEA EFT including provision of ATM, POS, and card related services to customers throughout the region. Mr. Romney will be responsible to develop and implement strategy for the region, and to continue improvements in customer service, product offerings, and profitability of the division. Previously, Mr. Romney was the Senior Vice President and CEMEA Regional Manager within Euronets EFT Processing Segment, responsible for Euronets current network services operations in Central Europe, Middle East and Africa as well as new initiatives throughout the region. He retains his title as Senior Vice President of Euronet Worldwide. Prior to joining Euronet, Mr. Romney was an Executive Consultant for Peterson Consulting in Chicago specializing in financial analysis and litigation support, and Vice President of sales for Escalante Imports specializing in wholesale distribution of home furnishings in the southwestern United States. Mr. Romney received a bachelors of art in finance with high honors from the University of Notre Dame in 1989.