ECHO Payment Processing - Investor Information -
[Cached Version]
Published on: 5/22/2007
Last Visited: 3/9/2009
Camarillo, Calif., May 22, 2007 - Electronic Clearing House, Inc. (Nasdaq: ECHO), a leading provider of electronic payment and transaction processing services, the upcoming retirement of Chairman and Chief Executive Officer Joel M. ("Jody") Barry, effective July 2, 2007, the anticipated date of the Company's Annual Meeting of Shareholders.
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"It has been an honor to serve ECHO since 1986 in various capacities throughout an exciting two decades of growth and development for the Company," said Jody Barry, Chairman and Chief Executive Officer of Electronic Clearing House, Inc.
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Mr. Barry's retirement ends a 20-year span of ECHO leadership.
Jody Barry has been a Director of ECHO since 1987 and Chairman of the Board since December 1987.
Mr. Barry served as Executive Vice President and Chief Financial Officer of ECHO from 1987 to 1990 at the time of his appointment as Chief Executive Officer.
Since 1990, Mr. Barry has also been a Director and the Chief Executive Officer of ECHO's MerchantAmerica, Inc. and XPRESSCHEX, Inc. wholly owned subsidiaries, roles which Mr. Harris will also assume.
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The Company expects to finalize a retirement separation arrangement with Mr. Barry prior to the anticipated Annual Meeting.
"On behalf of Richard Field and the Board of Directors, along with the entire ECHO team, we deeply appreciate Jody Barry's many years of service to our Company," said Chuck Harris.
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"Jody has been paramount to the Company's accomplishments over the past 20 years, and we intend to continue his legacy and vision for ECHO.