TSYS (NYSE: TSS) today announced that Philip W. Tomlinson has decided to retire as chief executive officer, and that M. Troy Woods has been elected by the TSYS board of directors as president and chief executive officer, effective July 31, 2014. Tomlinson will continue to serve as executive chairman of the board of TSYS until the 2015 Annual Shareholders’ Meeting.
Woods has been instrumental in nurturing a culture focused on service, relationships, excellence, innovation and growth. Woods is a champion of TSYS’ clients and its team members, affectionately referred to by Tomlinson as TSYS’ “Secret Sauce.” “I am honored by the vote of confidence from our board and supported by Phil’s incredible legacy. It is a tremendous privilege to serve this great company and team members who are passionate about the business and totally committed to improve lives and businesses by putting people at the center of payments,” said Woods. TSYS’ revenues were $2.1 billion at year-end 2013, operating in more than 80 countries with nearly 10,000 team members around the globe.About TSYS At TSYS ® (NYSE: TSS), we believe payments should revolve around people, not the other way around. We call this belief "People-Centered Payments ®." By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend ®, A TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions. TSYS’ headquarters are located in Columbus, Ga., U.S.A., with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS is a member of The Civic 50 and was one of the 2013 World's Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more, please visit us at www.tsys.com.