CPI Announces Leadership Changes to Advance Strategy and Drive Long-term Growth

About this update from Cpi Card Group Inc.

Rob Dixon named Chief Digital Officer, Peggy O’Leary named Chief Commercial Officer, and Toni Thompson named Chief Operating Officer; Terra Grantham named Interim CFO; Ernesto Boada named Chief Technology Officer LITTLETON, Colo., February 23, 2026 --( BUSINESS WIRE )--CPI Card Group Inc. (Nasdaq: PMTS) ("CPI" or the "Company"), a payments technology company providing a comprehensive range of physical and digital payment solutions, announced executive leadership changes designed to advance the Company’s long-term strategies to grow and diversify, including expansion of its emerging digital solutions. "Whether we’re working with financial institutions, fintechs, prepaid program managers, resellers, or embedded payments providers, our customers want solutions to meet consumers’ needs where they are – in person, online, in-app, or in-platform," said President and CEO John Lowe. "We are continuing to leverage and expand our technology to make those solutions possible." To support CPI’s growth, the following Executive leadership changes have been made: "I want to congratulate and thank each of our key leaders. We are very excited about the future opportunities for CPI, and we believe this is the right team and structure to advance our strategy," said Lowe. "Our new structure elevates our growing digital businesses, aligns our customer-facing teams into a single organization to optimize customer experience, and leverages our deep engineering and operational expertise to bring innovative, high-quality, and value-added payment technology solutions to life." The executive leadership changes are effective immediately, with Dixon, O’Leary, Thompson, Grantham, and Boada each reporting to Lowe. About CPI Card Group Inc. CPI is a payments technology company providing a comprehensive range of payment cards and related digital solutions. With a focus on building personal relationships and earning trust, we help our customers navigate the constantly evolving world of payments, while delivering innovative solutions that spark connections and support their brands. We serve clients across industry, size, and scale through our team of experienced, dedicated employees, our network of technology and card service providers, and our high-security production facilities, all located in the United States. CPI is committed to exceeding our customers’ expectations, transforming our industry, and enhancing the way people pay every day. Learn more at www.cpicardgroup.com . View source version on businesswire.com: https://www.businesswire.com/news/home/20260223665985/en/ Contacts CPI Card Group Inc. Investor Relations: (877) 369-9016 [email protected]

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