First Data Appoints New CFO
Mr Winborne joined First Data in 2009 as senior vice president for finance and controllerof the company. Since then he has been the company's principal accounting officer responsible for all corporate accounting activities including SEC and regulatory financial reporting, Sarbanes-Oxley financial compliance, benefits and revenue accounting, procurement and receivable services.
Mr Winborne began his career with PricewaterhouseCoopers and was later named corporate controller and chief accounting officer at two Fortune 200 companies - BellSouth Corporation and Delta Air Lines.
Additionally, First Data and The National Retail Federation have formed partnership on a research study of data security and fraud prevention strategies practiced at small to mid-sized retailers.
Jon Judge, CEO of the company, said: “Mr Winborne has led the finance organization well during the last six months and has earned the respect of both his executive committee colleagues and members of the board.
“Under Mr Winborne's leadership, our finance team has driven improvements that have benefitted our operations and improved the transparency in our external financial reporting. I am delighted to announce his appointment as First Data's CFO.”
Ed Labry, president of retail and alliance services at First Data, said: “Data security and fraud prevention are important topics for merchants of all sizes and categories.
“As fraudsters appear to be moving down market after targeting the larger retailers, we are seeing smaller businesses arming themselves with the latest technology and tools to fight back. We believe our survey results will validate this trend.”
Will Mr Winborne's experience benefit the firm?
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