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Hypercom CEO Departs

Payment terminal maker Hypercom Corp. said today its CEO, William Keiper, is stepping down after two years at the helm and will resign from the company's board of directors, effective Aug. 15.

Philippe Tartavull, named Hypercom president in February, added the chief operating officer role to his position effective immediately, according to the company announcement.

Keiper has served as the company's CEO since 2005. Daniel Diethelm, Hypercom chairman, will lead the search for a new CEO. Until Keiper's successor is named, Diethelm, Tartavull and chief financial officer Thomas Liguori will take over executive responsibilities.

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