Welcome Real-time appoints Philippe David as CEO to drive company growth

Aix-en-Provence, France - 24 May 2011

Current CEO, François Dutray, to assume role as president of the company’s supervisory board.

Welcome Real-time, the global leader in innovative loyalty solutions, today announced that Philippe David would be assuming the position of CEO. David takes over from François Dutray, who will be taking the role of president of Welcome Real-time’s supervisory board. David’s appointment reflects Welcome Real-time’s continued growth strategy.

In his role as CEO, David will be responsible for the day-to-day operational running of Welcome Real-time. David brings with him over 25 years industry experience including ten years’ experience developing smart card technology. He joins the company from payments solutions provider Monext, where he was a founding partner and director of banking activities. Prior to his work at Monext, David was Managing Director of Experian Prologia and has also been vice president of banking at Gemplus (now Gemalto), including two years in Asia. In addition, David spent 12 years at IBM in various functions.

Commenting on the new appointment, François Dutray said: “David’s extensive industry experience, together with my continued involvement as president of Welcome’s supervisory board, brings real strength to the senior management team at Welcome-Real-time. We will continue to grow and expand our business, and to bring real value to banks, retailers and other organisations around the world.”

Philippe David added, “Welcome Real-time is poised for immense growth in a recovering banking sector with a renewed focus on retail banking. I am excited to be leading this company at a time of rapid change, ensuring our solutions continue to meet the demands of banks, merchants and other organisations to help them engage more effectively with their customers and provide tangible and comprehensive recognition of their loyalty.”

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