Cardtronics Inc. on May 3 announced the election of Juli Spottiswood to the company’s board of directors. Spottiswood is president and CEO of rewards-program provider Parago Inc.
Michael A. R. Wilson, managing director at TA Associates, has resigned his seat on the Cardtronics board, where he has served as a director since 2005, according to a press release.
“In Juli Spottiswood, the Cardtronics board gains the perspective of an executive with over a decade of experience helping companies improve their effectiveness in consumer engagement and relationship building,” Dennis Lynch, Cardtronics chairman, said in the release.
TA Associates was a major investor and shareholder in Cardtronics until last year, when it divested most of its holdings. As a result of that divestiture, and not because of any disagreement with the company, Wilson is tendering his resignation, the release said.
