Oberthur Card Systems SA of Nanterre, France, Europe's fourth-largest maker of smart cards, said its chief executive, Pierre Barberis, has resigned for personal reasons.
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Mr. Barberis, who became CEO in May 2002, will remain with the company and move to Asia, Oberthur said.
The company said it has found a successor, who will take the top job in January, but it did not provide a name.
Oberthur was No. 31 last year on American Banker's annual FinTech 100 list of banking technology vendors.
