Andrew Schmitt is named to Euronet Board of Directors
LEAWOOD, KANSAS—Dec. 8, 2003—Euronet Worldwide, Inc. (Nasdaq: EEFT), a leading electronic payments provider, today announced that Andrew B. Schmitt, Layne Christensen Company president and CEO, has agreed to serve on its Board of Directors.
Layne Christensen Company is an international drilling company dedicated to the water, minerals, construction and energy industries with principal operations in North America, Africa and Australia. Mr. Schmitt has been with Layne Christensen for more than 10 years.
"For more than 30 years, Mr. Schmitt has been involved in the business arena," said Michael J. Brown, Euronet chairman and CEO. "He brings a wealth of international business experience and financial knowledge, which are beneficial to our board team as our business continues to grow.”
Prior to his current position, Mr. Schmitt has served in various roles: as division president for Baker Hughes and NL Industries, Inc. as well as general manager and controller for Dorsey Corporation and Hoover Universal. Schmitt also has international experience, working for Alusuisse-Lonza as division controller and later group controller. Schmitt has been affiliated with five boards: Layne Christensen Company, Unitog, Inc. (acquired by Cintas), Wooster Hydrostatics, Inc. (acquired by Vickers PLC), Ported Oil Tools, Inc. (acquired by Weatherford International) and Boytec Group, S.A. He holds a bachelor of science degree from the University of Alabama School of Commerce and Business.
About Euronet Worldwide
Euronet Worldwide is an industry leader in providing secure electronic financial transaction solutions. The company offers outsourcing and consulting services, integrated EFT software, network gateways, and electronic top-up services to financial institutions, mobile operators and retailers. These solutions enable our clients' customers to access personal financial information and to perform secure payment transactions-any time, any place. Euronet operates the largest independent pan-European ATM network, and is a leading provider of electronic distribution services, or top-up services, for prepaid mobile airtime and other prepaid services. The company has processing centers located in the U.S., Europe and Asia, and processes electronic top-up transactions at more than 83,000 points of sale across 37,000 retailers in Europe, Australia and the U.S. With corporate headquarters in Leawood, Kansas, USA, and European headquarters in Budapest, Munich and London, Euronet serves clients in more than 60 countries. Visit our web site at www.euronetworldwide.com.