Verifone Announced Appointment of Clinton Knowles as Interim Chief Financial Officer

VeriFone Holdings Inc. (NYSE: PAY) today announced that it has appointed Clinton Knowles as its interim chief financial officer. Mr. Knowles succeeds Barry Zwarenstein who, pursuant to the terms of his separation agreement, is resigning as VeriFone’s chief financial officer.

SAN JOSE, CA. – VeriFone Holdings Inc. (NYSE: PAY) today announced that it has appointed Clinton Knowles as its interim chief financial officer. Mr. Knowles succeeds Barry Zwarenstein who, pursuant to the terms of his separation agreement, is resigning as VeriFone’s chief financial officer.

“We are excited to bring on a talented executive to assume this position on an interim basis until we announce a permanent chief financial officer” said Douglas Bergeron, Chief Executive Officer of VeriFone. “Clinton’s 35 years of finance experience will be helpful during this transition period following completion of our restatement. We are in the final stages of our permanent CFO search and hope to make that announcement shortly.”

Clinton Knowles is a partner with Tatum LLC, a leading executive services firm. Mr. Knowles has served as chief financial officer, controller and treasurer for a variety of companies in the manufacturing, distribution, retail, technology, mining and food processing industries both in the United States and internationally, including Oracle’s Americas Support Services Group, Covey Leadership Center and Totes, Inc. Mr. Knowles holds an MBA from Harvard Business School and a BBA from the University of Michigan.