Business
Cass Information Systems, Inc. Elects Martin Resch as President and Chief Executive Officer; Eric Brunngraber named Executive Chairman
ST. LOUIS--(BUSINESS WIRE)-- Cass Information Systems, Inc. (Nasdaq: CASS), the leading provider of transportation, energy, telecom, and waste invoice
About this update from Cass Information Systems, Inc
[{"type":"text","content":" ST. LOUIS--(BUSINESS WIRE)--\nCass Information Systems, Inc. (Nasdaq: CASS), the leading provider of transportation, energy, telecom, and waste invoice payment and information services, announced that Martin Resch, President and Chief Operating Officer, has been named President and Chief Executive Officer, effective April 18, 2023, and will join the Board of Directors at that time. Resch, 57, has been Cass’s President and Chief Operating Officer since February 2022 and will succeed Eric Brunngraber, 66, in the role of CEO. Brunngraber, who has served as CEO since 2008, will become Executive Chairman, effective April 18, 2023.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230217005061/en/Martin Resch, Cass Information Systems (Photo: Business Wire)\n“It is an honor to be named the CEO of a company with such a long and great history as Cass,” said Resch. “This is my dream job as I believe my experiences with financial technology, risk management and banking fit the future needs of the organization. I want to thank Eric and the Board of Directors for their confidence and trust. I look forward to Cass’s future and am excited to work with our leadership and our 1,200 employees to support our customers with best-in-class service and provide continued value to our shareholders.”\n\n“Martin has proven to be an outstanding leader at Cass, implementing many strategic objectives within our invoice payment and information services business,” said Brunngraber. “The Board of Directors and I have the utmost confidence in Martin’s ability to lead Cass to continued success.”\n\n“On behalf of the Cass Board of Directors, we want to congratulate Martin and also recognize Eric’s 43 years of dedicated service and outstanding leadership in guiding Cass through both challenging times and the periods of Cass’s greatest successes to date. We thank him for his many accomplishments and look forward to benefitting from his continued leadership as Executive Chairman,” said Joseph D. Rupp, Cass’s Lead Independent Director and former Chairman & CEO of Olin Corp.\n\n“Cass has been a huge part of my life for 43 years and I have been honored to be its CEO for the last 15 years,” said Brunngraber. “I look forward to supporting Martin and the entire Cass team as we continue to lead our industry and p...