Simon Haslam has been promoted to president and CEO of payment processor Elavon, replacing Mike Passilla, who recently left the company.

Haslam's most recent job was president of Elavon International Markets, where he helped lead the company's expansion in Europe, South America and Latin America—including a recently completed venture with Banco Santander. Haslam joined Elavon, a subsidiary of U.S. Bancorp, in 2005.

Haslam came to Elavon from Citibank when Elavon purchased its European merchant acquiring business. Prior to his years at Citibank, he was a retail and commercial banker at Midland (HSBC) Bank in London, where he began his career in 1980.

"Our investment in bringing new products to market, including the establishment of our 50-person innovation lab, 'The Grove,' will ensure we continue to deliver on that mission and drive growth for our customers," Haslam said in a release.

Haslam will move from London to Elavon's Atlanta headquarters.

"Simon's experience and passion for growth and innovation make him the best individual to lead Elavon as we continue to extend our global reach and the value we deliver to our customers," said Pamela Joseph, vice chair of U.S. Bancorp Payment Services, in the release.

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