Panini Appoints Michael Pratt as Chief Executive Officer

TURIN, ITALY and DAYTON, OH--(Marketwired - Sep 20, 2013) - The Panini Board of Directors is pleased to announce Michael Pratt has been appointed Chief Executive Officer for Panini and will lead the company's global operations and continued growth. Michael is an accomplished and widely recognized industry executive with extensive market experience and an impressive career track record of superior results.

Michael joined Panini in July 2007 as Director of Marketing for Panini North America. After significant contributions to the achievement of Panini's market leadership position in the US market, he was promoted to global Chief Marketing Officer in March 2009, playing a strategic and central role in the expansion and diversification of the company. Prior to joining Panini, Michael served in successful senior executive roles with Standard Register, AT&T, and NCR. He earned a B.S. in Marketing from the University of Dayton and an MBA from Miami University.

"Michael has earned the respect of our key stakeholders including customers, partners, employees, and shareholders," notes Panini Board of Directors member Stefano Cassina. "We are delighted to entrust the leadership of Panini to his capable hands."

The role was formerly held by John O'Malley, who has left the company to pursue other interests. "We thank John for his contributions, and wish him the best in his future endeavors," notes Panini President Vittorio Levi.

"I am absolutely thrilled to be entrusted with the leadership of this outstanding company," says Pratt. "Our focus will be on market driven execution with an unwavering commitment to customer centricity. Our strategy will be based on optimized execution in our core business of payments truncation, combined with accelerated development of solutions in emerging payment markets. We have the customer base, channel partners, talent, assets, brand, quality, and technical innovation to achieve new and breakthrough milestones in the continuation of Panini's remarkable 68 year history."

About Panini
Founded in Turin, Italy, Panini has enabled clients to capitalize on shifts in the global payments processing market for more than sixty years. Panini has a rich history of technology innovation, and Panini's market leading solutions are based on state-of-the-art research & development and ISO-9001 quality certified production. Panini offers capture solutions that enable customers to fully realize the advantages and efficiencies available with the digital transformation of the paper check, resulting in the world's largest deployed base of check capture systems, now approaching one million devices. Panini's scalable capture solutions digitize checks and payment related documents and transactions to address the complete range of distributed check processing opportunities including teller capture, back-counter capture, remote deposit capture, point-of-sale capture and remittance processing. The company provides solutions on a global basis, and has direct subsidiary operations in the United States covering North America and in Brazil covering Latin American markets. For more information visit www.panini.com.