Ingenico refreshes executive team with new CFO

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Ingenico has hired a new chief financial officer with M&A experience, days before the embattled payments equipment and software provider's plans to announce lower-than-expected 2018 earnings.

The Paris-based Ingenico named Michel-Alain Proch as its new CFO Monday, with outgoing CFO Nathalie Lomon staying on board through the end of the month to assist in the transition, Ingenico said in a press release.

Proch most recently was senior executive vice president and group chief digital officer at Atos, where he served from 2007 through 2015 and led several M&A operations, according to the release.
Ingenico, which is working to shift its focus from payments hardware to supporting global e-commerce, last fall fended off an unsolicited takeover offer from an investment bank. In the wake of that event, Ingenico hired former Visa Europe executive Nicolas Huss as its new CEO, replacing longtime chief Philippe Lazare.

“Proch’s strong track record as CFO will be critical to the success of our transformation,” said Huss in the release.

Lomon disclosed last year that she planned to leave the company after nine years at Ingenico, including four as CFO.

Ingenico on Jan. 23 issued a profit warning, noting that earnings for 2018 will be lower than expected due to weak results from its Bankers and Acquirers division.

Ingenico also said Monday it will announce its fourth-quarter and full-year results on Feb. 12.

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