The Mexican affiliate of Total System Services Inc. has appointed Jesus Navarro Torres director general.
Mr. Navarro had been chief financial officer of the company, TSYS de Mexico, since its formation in 1995.
Owned 49% by Columbus, Ga.-based Total System and 51% by Controladora Prosa, TSYS de Mexico says it processes one-third of the Visa and MasterCard credit card accounts in the country.
Mr. Navarro is a native of Mexico and 20-year veteran of the financial and information services industries. As the director of planning and financial control for Prosa he participated in the formation of TSYS de Mexico. He has also done auditing, accounting, and tax projects for such clients as American Express, Diners Club, Grupo Interacciones, and Probursa.
"Mr. Navarro has proven his leadership abilities" as CFO, said TSYS de Mexico president Jorge Alfaro. "His appointment emphasizes the joint venture's continued commitment to provide quality processing services to our clients in Mexico."