METAVANTE NAMES TIMOTHY OLIVER CHIEF FINANCIAL OFFICER
Milwaukee - 2 July 2007
Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced that Timothy C. Oliver, 39, will join Metavante as senior executive vice president and chief financial officer on July 23, 2007. Oliver, who is currently vice president and treasurer of Milwaukee-based Rockwell Automation, Inc. (NYSE: ROK), will report directly to Metavante President and Chief Executive Officer Frank R. Martire.
“As we prepare to become a separately traded public company focused on continued growth, we will benefit from having a chief financial officer who brings large public company experience to Metavante,” said Martire. “Tim’s background includes management of the treasury and investor relations functions at Rockwell Automation and at Raytheon Company, where he also managed financial planning.”
As Metavante CFO, Oliver will replace Michael D. Hayford, Metavante’s chief operating officer who has continued to serve as CFO since his COO appointment in 2006.
Since May 2004, Oliver has been responsible for the global treasury, contracts, pricing and investor relations functions at Rockwell Automation. Prior to joining Rockwell Automation, he was vice president for investor relations and financial planning at Raytheon Company in Lexington, Mass. Previously, he spent five years at Honeywell (formerly AlliedSignal), and served as director of finance for the $1.6 billion Aviation Aftermarket business there. Oliver also held bond trading and investment banking positions at Bear Stearns & Co. and at Kidder Peabody & Co., New York City.
Oliver received an MBA degree from the New York University Stern School of Business and a bachelor’s degree in economics from Williams College.