TSYS announced on Monday the retirement of James B. Lipham as the senior executive vice president and CFO after nearly 30 years with the company.
Lipham, a graduate of West Georgia College, worked early in his career as a senior accountant with Ernst & Whinney, which later merged with Arthur Young & Co. to form Ernst & Young. He then joined First Federal Savings in Columbus, Ga., as the senior vice president and CFO.
In 1984, Lipham joined Synovus Financial Corp.—formerly Columbus Bank and Trust Co.—as the vice president and assistant treasurer of the financial division. He joined TSYS as treasurer in 1987 before transitioning to a leadership position within the company.
“This is truly a special moment for TSYS as we make this transition recognizing the contributions of two incredible individuals,” TSYS Chairman and CEO Philip Tomlinson said. “Jim has been an instrumental figure and key player in the success of TSYS for almost 30 years. Since 1984, through our periods of greatest growth, diversification and expansion, his contributions to our company and its shareholders have been innumerable. Jim’s vision and leadership guided the company in its spin-off from Synovus and TSYS’ investment grade credit ratings from Standard and Poors and Moody’s.”
Lipham, whose retirement is effective in June, will be replaced in July by Paul Todd, who has served as the executive vice president for strategy, mergers and acquisitions and product and marketing since 2008.
Todd helped lead the company strategy that included TSYS’ largest acquisition, NetSpend, in 2013, and he has helped to develop strategies to lead the company into new sectors and markets.
“Paul brings a deep knowledge of our business and is a driving force in TSYS’ diversification strategy,” Troy Woods, the president and COO of TSYS, said. “He is respected by his colleagues and has demonstrated the drive and energy to guide TSYS along its journey to be the leading global payments solutions provider. He is an advocate for our people and clients, dedicated to our purpose, People-Centered Payments, and our belief that payments should revolve around people not the other way around.”