Euronet Worldwide Inc., an electronic payments provider, says that Daniel R. Henry has decided to step back from his day-to-day role in the Company as president and chief operating officer at the end of the year. The Company also announced new senior management additions to lead its key operations.
Henry co-founded Euronet 12 years ago with Mike Brown, who serves as the Company’s chairman and chief executive officer. He has played a key role in shaping Euronet’s strategy and success over the years and has served as the Company’s COO since 1996 and as president since 2001.
Henry’s decision to retire was based purely on personal considerations, and he plans to spend more time with his family and pursue other entrepreneurial interests. Henry will continue as a director of the Company for at least the remainder of his three-year term ending in 2009 and the Euronet board of directors looks forward to his continued contributions as a member for the elected term. Euronet does not plan to replace Henry immediately and will divide his day-to-day responsibilities among CEO Mike Brown and other key executives. Henry will assist Euronet’s management team to implement his transition during the first quarter of 2007. He will continue to work closely with the Company and support it in an advisory role as needed on special projects.
“Euronet has been a challenging and rewarding experience for me as an entrepreneur,” says Henry “It has been an honor to serve the Company for the last 12 years and I am proud to see our vision of bringing electronic payment convenience to people in emerging markets turn into a reality. However, the time has come for me to focus on my family and pursue other interests. I am confident that Mike Brown along with the experienced management team will continue to lead Euronet to greater success. I look forward to providing strategic direction to the Company as a board member.”