Comdata Appoints Skiba to Head Stored Value Systems, Inc. -SVS- Unit.Business Editors BRENTWOOD, Tenn.--(BUSINESS WIRE)--April 30, 2004 Former Gap, Inc., Sears, Roebuck & Co. and Saks Fifth Avenue Saks Fifth Avenue is a chain of upscale American department stores that is owned and operated by Saks Fifth Avenue Enterprises (SFAE), a subsidiary of Saks Incorporated. It competes in the elite luxury department store market with Neiman Marcus, Bergdorf Goodman and Barneys New executive to build on success of nation's premier gift and payroll card provider Comdata(R) Network, a wholly-owned subsidiary of Ceridian Corporation (NYSE NYSE See: New York Stock Exchange :CEN CEN - Conseil Européen pour la Normalisation. A body coordinating standardisation activities in the EEC and EFTA countries. ), announced today the appointment of Bob Skiba to the position of executive vice president and general manager of the company's Stored Value Systems, Inc. (SVS SVS - OS/VS2 ) subsidiary. The former vice president of assurance services Assurance services have been defined by the American Institute of Certified Public Accountants (AICPA) as 'Independent Professional Services that improve information quality or its context'. and continuity planning for Gap, Inc., the San Francisco-based retailer for Gap, Banana Republic and Old Navy apparel brands, will lead Comdata's gift card and payroll card business. "Bob was one of the early retail pioneers for the SVS electronic gift card, working closely with us to introduce the Gap gift card to shoppers in 1997," said Comdata President Gary Krow. "He knows the product extremely well and has always demonstrated a passion and vision for future gift and pay card applications. Our customers will benefit from his perspective and past experience as a retail veteran." Prior to joining Gap in 1997, Skiba held numerous senior financial management positions, including vice president of financial operations at Home Depot; controller of the Mall Store Group for Sears, Roebuck & Co.; operations management and store planning at Barney's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ; and corporate director of financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against & analysis at Saks Fifth Avenue. "There is a huge dynamic related to gift cards within the retail community now," said Skiba. "I look forward to continuing SVS' reputation as the provider of choice and extending the real value-added properties of the gift card product to incorporate loyalty and additional incentives to drive more customer traffic into our clients' locations." About Stored Value Systems Since introducing the first-ever magnetic-striped retail gift card to shoppers in 1995, Stored Value Systems, Inc. (SVS) is one of the world's leading providers of electronic gift cards and other card-based transaction programs. International retailers rely on SVS to create customer loyalty, increase sales and strengthen their competitive position in the retailer marketplace. Headquartered in the United States, SVS is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Comdata(R) Corporation. For more information, visit www.storedvalue.com. About Comdata Corporation Comdata(R) Corporation (www.comdata.com) is redefining the movement of money and information through technology for businesses, their customers and employees. A leading provider of transaction and information services See Information Systems. , Comdata provides credit and debit processing and reporting for commercial fleets and merchants, electronic cash, gift and smart / chip card programs for retailers and governmental agencies, Comchek(R) eCash payroll services for food, retail and other service industries, and point-of-sale equipment, software and auxiliary services for merchants and convenience stores. Headquartered in Brentwood, Tenn., Comdata employs more than 1,600 people internationally. Comdata is a wholly owned subsidiary of Minneapolis-based Ceridian Corporation (NYSE:CEN). |
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