Solutran Names Keller President And CEO; Company's Founder to Remain as Chairman.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--July 3, 2001 Solutran(R), a leading provider of payment processing services, announced today that President Joseph F. Keller has assumed the additional responsibilities of 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. effective July 1, 2001. The company's founder and former CEO, Elloyd Hauser will continue in his role as Chairman of the Board. "Joe has demonstrated the skills necessary to lead Solutran into the future," said Hauser. "He has been instrumental in Solutran's progress over the past few years and the Board is confident in his commitment to the company and his ability to lead us to the next level." Keller has been with Solutran for over 16 years and has held various positions within the company including customer service, accounting, operations, and administration. In his role as President and CEO, Mr. Keller is responsible for the company's day-to-day operations and for providing long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. strategic direction. "I am looking forward to my new role and additional responsibilities," Keller said. "As proud as I am of Solutran's past, I am even more excited about our future." Solutran is a provider of turnkey See turnkey system. treasury management services for clients nationwide that process a high volume of low-value transactions. Clients include large companies in the consumer products, publishing, direct marketing, and retail industries. Solutran's customized solutions include return item services, online capabilities, electronic commerce, electronic conversion, disbursement DISBURSEMENT. Literally, to take money out of a purse. Figuratively, to pay out money; to expend money; and sometimes it signifies to advance money. 2. and depository The place where a deposit is placed and kept, e.g., a bank, savings and loan institution, credit union, or trust company. A place where something is deposited or stored as for safekeeping or convenience, e.g., a safety deposit box. services, and alternative checking applications. Headquartered in Minneapolis, Solutran has 65 employees at its corporate office and maintains relationships with ten affiliate processing centers across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. For more information, visit Solutran's web site at www.solutran.com or call 888.SOLUTRAN (765.8872). |
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