Chief Executive Officer
Chief Executive Officer
Brings executive expertise in all phases of the payments business.
Diane (Vogt) Faro is the chief executive officer of JetPay Corp. (NASDAQ: JTPY), a leader in payment processing and payroll for nearly half a century. With locations in Carrollton, Texas; Allentown, Pennsylvania; Pensacola, Florida; and Langhorne, Pennsylvania, the company provides a single-vendor solution for payment services, debit and credit card processing, ACH services, and payroll and human capital management needs for businesses.
Faro started as CEO at JetPay in May 2016, after serving on the company’s board of directors for two years. Prior to joining JetPay, she was president and partner of National Benefit Programs, which provides brand loyalty and discount programs for small to midsized businesses. She held executive positions with First Data, where she helped develop an international presence in Canada, Latin America, and Europe from 2002 to 2005. Faro went on to serve as president of First Data Global Merchant Services from 2005 to 2009. She also was CEO of Chase Merchant Services for five years, a joint venture with JP Morgan Chase and First Data.
Faro is a past president of the Electronic Transaction Association (2004-2005) and served as an ETA board member for nine years. She also served on advisory boards for Visa and MasterCard and held board positions with Merchant Link and Front Stream Payments.
Faro is passionate about leadership development, with a special focus on mentoring professional women. She is a cofounder of Women Networking in Electronic Transactions (Wnet), a national organization that provides networking and growth opportunities for women in the payments industry, and has served on the Wnet board since its inception in 2005.
With a career that spans more than four decades in the financial services industry, Faro has focused on growing companies and leading people. Her expertise in defining strategy and increasing revenue has shaped her career as an executive, entrepreneur, and consultant.
Awards and Accomplishments:
2018 – Women in Payments® Distinguished Professional Award
2018 – The Green Sheet – Co-author of an article titled “Wnet is More Relevant Than Ever”
2017 – Electronic Transactions Association (ETA) Distinguished Payments Professional Award
2017 – Electronic Transactions Association (ETA) Strategic Leadership Forum. Panelist: “Leading and Leveraging Diversity in Today’s Changing Environment”
Vice Chairman & Corporate Secretary
Vice Chairman & Corporate Secretary
Provides strategic leadership and know-how.
Peter B. Davidson has served as the Company’s Chief Administrative Officer and Corporate Secretary since its inception and is now the Company’s Vice-Chairman and Chief Marketing Officer, while still retaining his duties as Corporate Secretary. Mr. Davidson has over 30 years of hands-on experience in both the direct management of payment and payroll companies and in management consulting in these businesses. Mr. Davidson provides strategic leadership and know-how to the JetPay Corporate team.
Mr. Davidson was formerly Chief Executive Officer of Brooks FI Solutions, LLC, an entity that provides retail banking and payment solutions that he founded in 2006. Immediately prior to founding Brooks FI Solutions, Mr. Davidson was Executive Vice President of Genpass, Inc. where, from 2002 until its acquisition and subsequent integration by U.S. Bancorp in 2005, he led its efforts to bring stored value products to market. While at Genpass, Inc., he was also involved in the development and implementation of MoneyPass, a surcharge-free ATM network. Earlier in his career, Mr. Davidson served as President of Speer & Associates, leading domestic and international consulting engagements in the retail banking and electronic funds transfer industry; Executive Vice President at HSBC USA and President of HSBC Mortgage, where he was responsible for managing its consumer businesses; and Senior Vice President at CoreStates Financial, where he managed the credit card and consumer lending businesses and developed remote banking strategies. Mr. Davidson holds a B.S. in Economics from the Wharton School of the University of Pennsylvania in Finance and Accounting, and an MBA from Widener University in Finance.
Chief Financial Officer
Chief Financial Officer
Significant experience in the areas of mergers and acquisitions.
Gregory M. Krzemien has served as the Company’s Chief Financial Officer since February 7, 2013.
From 1999 to October, 2012, Mr. Krzemien served as Chief Financial Officer, Treasurer and Corporate Secretary of Mace Security International, Inc., a publically traded company that is a manufacturer of personal defense sprays, personal protection products and electronic surveillance equipment, and the operator of a UL rated wholesale security monitoring station. From 1992 to 1999, Mr. Krzemien served as Chief Financial Officer and Treasurer of Eastern Environmental Services, Inc., a publically traded solid waste company. From 1981 to 1992 Mr. Krzemien held various positions at Ernst & Young LLP, including Senior Audit Manager from October 1988 to August 1992. Mr. Krzemien has significant experience in the areas of mergers and acquisitions, Securities and Exchange Commission reporting, strategic planning and analysis, financings, corporate governance, risk management and investor relations. Mr. Krzemien holds a B.S. Honors Degree in Accounting from the Pennsylvania State University.
Chief Operating Officer
Chief Operations Officer
Michael Collester was previously President of ACI Merchant Systems, LLC prior to the acquisition by JetPay in 2014.
Michael brings more than 25 years in merchant services with extensive experience in sales, business development and payment processing operations.
Chief Information Officer
Chief Information Officer
John Crouch has more than 30 years of experience in information technology and 15 years focused in the payments space.
Chief Marketing Officer
Chief Marketing Officer
Michelle Jenkins brings 30 years of experience in sales and marketing in the financial, manufacturing, non-profit and payment industries. Ms. Jenkins recently joined JetPay as the Chief Marketing Officer (CMO).
For more than 15 years Ms. Jenkins was the President of Strategic Thinking, a marketing communication consulting firm that worked with various clients including banks, credit unions, manufacturers, non-profit organizations, payments company and municipalities. Strategic Thinking was primarily focused on strategic and marketing plans to grow businesses, raise money and build awareness in new markets.
Prior to Strategic Thinking, Ms. Jenkins was a director of marketing for several bank holding companies including Central Bank & Trust (now Wells Fargo). Central Bank & Trust had more than 20 locations throughout Texas and over $1.1 Billion in assets. Ms. Jenkins was responsible for all marketing and communications, brand development and ongoing management that included centralized process management and employee engagement and building a corporate culture focused on the vision and core values.
Additionally, Ms. Jenkins contributed considerably to the North Texas community. A few of the organizations she dedicated time to include: Young Women’s Leadership Academy, YMCA of Metro as well as Camp Carter, Compass Christian Church as well as American Institute of Banking; just to name a few.
Through her well rounded and extensive experience in the planning, managing and execution of the ‘tailored communication campaign’, Ms. Jenkins takes the lead at telling the JetPay story in the most direct method to the most direct audience in the most concise way.
President – HR & Payroll
President – HR & Payroll
He has a track record of successfully scaling businesses.
Pires founded HRinterax in 2001 and grew the business into a highly profitable human resources outsourcing and recruitment management firm, restructuring the company around the vision of building a cloud-based SaaS HR platform for the small and mid-sized employer market and successfully launching the resultant flagship HR411® product in 2007. He built the company to a point where it ultimately attracted ADP to purchase the company in late 2009.
Pires held a number of senior roles during his six years with ADP – most recently as the Division Vice President of Business Development. While at ADP, Pires helped to define and ultimately establish the HR solutions business for ADP’s Small Business Services, leading them to new sales growth of greater than 20 percent annually and overall existing client base penetration of more than 40 percent for HR solutions. He also led the development of numerous key strategic partnerships and ADPs payroll acquisition team.
He has a track record of successfully scaling businesses, defining new markets and business models, acquiring companies, developing talent, designing, launching and improving products, and expanding into new adjacencies and markets.
Chief Strategy Officer
Gene M. Valentino
Chief Strategic Officer
Placing the customer and community first.
Placing the customer and community first has always been a fundamental principle of Gene Valentino’s professional and personal life. This principle has motivated Gene to create several game changing strategies, focusing on cutting edge technology as the key to success.
In 1988, Gene obtained one of the first rural cellular telephone company licenses from the FCC, and became President of CellularOne in Central California. His strategic growth plan resulted in the sale of the company for over $120-million in 1996.
In 1999, Gene created CollectorSolutions, Inc. (CSI) in Pensacola, Florida. Gene’s focus at that time was the government, not-for-profit, and utility sectors. As social/cultural acceptance grew with online payments, Gene expanded this technology by providing a solution for a variety of commercial sectors as well. By the end of 2015, his operation was processing over $5-billion in transactions per year.
In June, 2016, CSI merged with JetPay Corporation. Today, Mr. Valentino serves as Chief Strategy Officer, focusing on strategic mergers and acquisitions while seeking partner relationships that will yield geometric growth. Additionally, he will develop strategic plans to cross-sell solutions for HR & payroll, banking services, and credit card merchant services within JetPay’s existing client base.
His strategic work in the community mirrors his successes in business. From 2006-2014, Gene Valentino served as County Commissioner in Escambia County Florida where he provided over $200-million of improvements in the county and designed the county’s first economic development incentives through ordinances of law.
Also worth noting is that Gene has produced Hollywood films and has been a private pilot since 1975.
BOARD OF DIRECTORS
Larry Stone brings over 27 years of executive experience in the payment processing industry. Most recently, Mr. Stone was a Principal and Director of Mercury Payment Systems prior to its sale to Vantiv, Inc. in 2014 and to Silver Lake Partners in 2010. Prior to Mercury Payment Systems, Mr. Stone served as the Founder and CEO of Card Payment Systems, a merchant credit card processing company he founded and sold to Concord EFS in 2000. Mr. Stone started his payment processing career at CitiCorp Card Acceptance Services in 1989 and graduated from the Wharton School of Business at the University of Pennsylvania in 1987.
Chair Nominating Committee
Chair Compensation Committee
Chairman Compensation Committee
Donald J. Edwards has been on the Board since October 11, 2013. Mr. Edwards is the Managing Principal of Flexpoint Ford, LLC, a private equity investment firm focused on healthcare and financial services, which currently has $980 million under management. Mr. Edwards has been with Flexpoint Ford, LLC since 2004.
Previously, from 2002 to 2004, Mr. Edwards was President and CEO of Liberte Investors (now First Acceptance Corporation), which he guided through the acquisition of a leading provider of non-standard consumer automobile insurance. Mr. Edwards was a Principal of GTCR, a private equity firm with more than $6 billion under management from 1994 to 2002, where he was the head of the firm’s healthcare investment effort. From 1988 to 1992, Mr. Edwards was an associate at Lazard Freres and Co., specializing in mergers and acquisitions. Mr. Edwards holds a B.S. degree in finance with highest honors from the University of Illinois and an M.B.A. from Harvard Business School where he was a Baker Scholar. We believe that Mr. Edwards’ experience as an executive in a private equity firm focused on the financial services industry and his knowledge of the capital markets generally enable him to provide valuable insight to the Board regarding strategic issues, general investor trends, as well as capital raising matters.
NASDAQ – JTPY
Chairman Audit Committee
Robert Frankfurt has been on the Board since October 30, 2017. Mr. Frankfurt founded Myca Partners, Inc., an investment advisory services firm (“Myca”), in 2006 to invest in small cap U.S. public and private companies. Prior to forming Myca, Mr. Frankfurt spent more than a decade as a partner and senior portfolio manager at various investment partnerships. Mr. Frankfurt recently served on a number of public company boards, including Handy & Harman Ltd. (NASDAQ: HNH), an industrial products technology company, which was sold in October 2017 to Steel Partners Holdings L.P., Jive Software, Inc. (NASDAQ: JIVE), a global provider of communication and collaboration solutions for businesses and government agencies prior to its sale to ESW Capital, LLC in June 2017, and Peerless Systems Corp (NASDAQ: PRLS). Mr. Frankfurt began his career as a financial analyst in the mergers and acquisition department of Bear, Stearns & Co. and later joined Hambro Bank America as an associate focused on mergers and acquisitions and venture capital transactions. Mr. Frankfurt graduated from the Wharton School of Business with a B.S. in Economics and received an MBA from the Anderson Graduate School of Management at UCLA. We believe that Mr. Frankfurt, with a career of over 30 years in assisting senior management and providing board leadership for numerous companies, including NASDAQ companies in the technology and payment processing industry, will bring valuable expertise to our organization in the areas of strategic direction, financing strategies, acquisitions, and overall industry expertise.
Steven M. Michienzi has been on the Board since October 11, 2013.
Mr. Michienzi is a Vice President of Flexpoint Ford, LLC, where his primary responsibilities include the evaluation and management of investments across the financial services industry. Mr. Michienzi has been with Flexpoint Ford, LLC since 2009. From June 2006 to June 2009, Mr. Michienzi worked in the investment banking division of Wachovia Securities specializing in mergers and acquisitions and capital raising advisory assignments. Mr. Michienzi serves as a Director of GeoVera Investment Group, Ltd., a homeowners’ insurance company, and previously served as a Director of Financial Pacific Holdings, LLC, an equipment leasing company. Mr. Michienzi graduated magna cum laude with a B.S. in economics from Duke University where he was elected into Phi Beta Kappa honor society. We believe that Mr. Michienzi’s experience as an investment professional at a private equity firm focused on the financial services industry and his knowledge of evaluating and managing investments generally provide him with the necessary valuable insights to aid the Board regarding strategic issues, general investor trends, and future acquisition investments.
Robert Metzger has been on the Board since November 20, 2017 when he was appointed to serve as a Class B Director. Mr. Metzger has served as Director of the Investment Banking Academy at the Gies College of Business at the University of Illinois since April 2015 and he has also been the Director of the Gies College of Business Honors Programs since January 2017. In addition, he serves as a Lecturer in the Department of Finance. Since 2016, Mr. Metzger has served as a senior director at William Blair & Company, an investment bank. Mr. Metzger previously served as partner and managing director at William Blair & Company, where he was head of the Technology group from January 2011 to December 2015 and head of the Financial Services Investment Banking Group from April 2007 to December 2015. Prior to joining William Blair & Company, Mr. Metzger worked at ABN Amro Incorporated, A.T. Kearney, and Price Waterhouse. Mr. Metzger currently serves as a member of the Board of Directors and Audit Committees at WageWorks, USA Technologies, and Millennium Trust Company, and serves as a Senior Advisor of Mission OG. Mr. Metzger graduated from the University of Illinois at Urbana-Champaign with a B.S. in Accountancy and received an MBA from the Kellogg School of Management at Northwestern University. We believe that Mr. Metzger, with his extensive and valuable experience of over 25 years in investment banking and academics, including the experiences he gained from his leadership roles on various boards, including companies in the human resources and payment technology space, will be of great value in assisting management and the board with strategic direction and increasing stockholder value.