Metavante Names Timothy Oliver Chief Financial OfficerTimothy C. Oliver Named Metavante Corp. CFO July 2, 2007 (Photo: Business
July 02 2007 - 8:05AM
Business Wire
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. About
Metavante Metavante Corporation delivers banking and payments
technologies to over 8,600 financial services firms and businesses
worldwide. Metavante products and services drive account processing
for deposit, loan and trust systems, image-based and conventional
check processing, electronic funds transfer, consumer healthcare
payments, electronic presentment and payment, and business
transformation services. Headquartered in Milwaukee, Metavante
(www.metavante.com) is wholly owned by Marshall & Ilsley
Corporation (NYSE: MI). On April 3, 2007, Marshall & Ilsley
Corporation announced its plans to split Metavante Corporation and
Marshall & Ilsley Corporation into independent publicly traded
companies. Editors note: photograph available.
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