ATM operator Cardtronics Inc. said Monday it named Steven A. Rathgaber, an executive at NYCE Payments Network LLC, as its new CEO.
Cardtronics Chairman and Interim CEO Fred Lummis said the board chose Rathgaber for his payments industry background and track record of exceeding operational goals.
Rathgaber was previously president and chief operating officer at NYCE, an ATM operator and subsidiary of Fidelity National Information Services Inc. Rathgaber has worked at NYCE for 18 years, holding several sales and operating positions. He became president and COO of the company in 2004.
Cardtronics announced the departure of its previous CEO, Jack M. Antonini, in March. Rathgaber's appointment is effective Feb. 1.
Shares of Cardtronics fell 63 cents, or 5.3 percent, to close at $11.19.