Andrew Schmitt is Named to Euronet Board of Directors.Business Editors LEAWOOD, Kan.--(BUSINESS WIRE)--Dec. 8, 2003 Euronet Worldwide Euronet Worldwide, EEFT (Nasdaq), is the largest independent Automated teller machine (ATM) acquiring network in Central/Eastern Europe. It was founded in 1994 by brothers-in-law Dan Henry and Mike Brown. Euronet purchased it's software solutions vendor, Arksys, in 1999. , Inc. (Nasdaq:EEFT EEFT End-to-End Force Tracking ), a leading electronic payments provider, today announced that Andrew B. Schmitt, Layne Christensen Company president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , has agreed to serve on its Board of Directors. Layne Christensen Company is an international drilling company dedicated to the water, minerals, construction and energy industries with principal operations in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Africa and Australia. Mr. Schmitt has been with Layne Christensen for more than 10 years. "For more than 30 years, Mr. Schmitt has been involved in the business arena," said Michael J. Brown, Euronet chairman and CEO. "He brings a wealth of international business experience and financial knowledge, which are beneficial to our board team as our business continues to grow." Prior to his current position, Mr. Schmitt has served in various roles: as division president for Baker Hughes Baker Hughes NYSE: BHI is the world's third-largest oilfield services company behind Schlumberger & Halliburton, its main competitors. Baker Hughes provides the world's oil & gas industry with products and services for drilling, formation evaluation, completion and production. and NL Industries, Inc., as well as general manager and controller for Dorsey Corporation and Hoover Universal. Schmitt also has international experience, working for Alusuisse-Lonza as division controller and later group controller. Schmitt has been affiliated with five boards: Layne Christensen Company; Unitog, Inc. (acquired by Cintas); Wooster Hydrostatics hydrostatics: see mechanics. hydrostatics Branch of physics that deals with the characteristics of fluids at rest, particularly with the pressure in a fluid or exerted by a fluid (gas or liquid) on an immersed body. , Inc. (acquired by Vickers PLC); Ported Oil Tools, Inc. (acquired by Weatherford International); and Boytec Group, S.A. He holds a bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree from the University of Alabama The University of Alabama (also known as Alabama, UA or colloquially as 'Bama) is a public coeducational university located in Tuscaloosa, Alabama, USA. Founded in 1831, UA is the flagship campus of the University of Alabama System. School of Commerce and Business. About Euronet Worldwide Euronet Worldwide is an industry leader in providing secure electronic financial transaction solutions. The company offers outsourcing and consulting services, integrated EFT software, network gateways, and electronic top-up services to financial institutions, mobile operators and retailers. These solutions enable our clients' customers to access personal financial information and to perform secure payment transactions -- any time, any place. Euronet operates the largest independent pan-European ATM network, and is a leading provider of electronic distribution services, or top-up services, for prepaid mobile airtime and other prepaid services. The company has processing centers located in the U.S., Europe and Asia, and processes electronic top-up transactions at more than 83,000 points of sale across 37,000 retailers in Europe, Australia and the U.S. With corporate headquarters in Leawood, Kansas, USA, and European headquarters in Budapest, Munich and London, Euronet serves clients in more than 60 countries. Visit our web site at www.euronetworldwide.com. |
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