PAY.ON Restructures Management

Nov. 22, 2010

Munich, Germany-based online payment processing technology company PAY.ON AG said it has shuffled its management team to reflect a greater focus on international growth. Markus Rinderer, previously chief technical officer, is taking over the position of CEO immediately. The company also named Robert Kuzelj as chief sales officer, Nikolaus Taysen as COO and Christian Bamberger as CIO. “A successful company is able to adjust and react to new challenges quickly and flexibly,” said Markus Rinderer, newly installed CEO of PAY.ON AG. “We have now optimized our personnel resources and are placing greater emphasis on individual strengths. PAY.ON will continue to grow and expand internationally, since we are now better prepared to implement our vision: becoming the largest e-commerce payment transaction processor, with the most prominent network of affiliated merchants and institutions around the world.”