LISLE, Ill. -- De La Rue Cash System announced the appointment of Chris T. Reagan as its new president.
Reagan was previously the executive vice president of North American branch teller automation for De La Rue. He is taking over the position for Paul Thomas, who left to pursue other interests. Reagan started at De La Rue in March of 2005 to execute its North American business development strategy. Under Reagan, De La Rue experienced a double-digit compound annual growth rate.
"Throughout Chris' tenure at De La Rue, he's proven himself to be keen at developing and sustaining meaningful relationships with all of our clients, from single-branch credit unions to multi-billion dollar national banks," said John Smith, senior vice president. "Chris was a natural choice to lead our North American cash systems business, and I can say with certainty that his leadership will result in De La Rue achieving increased visibility and market share."
As president, Reagan is responsible for the overall business strategy, from sales and marketing programs to field operations and business development initiatives.
"When I joined De La Rue three years ago, I knew I was coming to a place where I could grow my career based upon the company's emphasis on exceptional quality and service," Reagan said. "We're looking forward to announcing major achievements in business and technology this year. I'm thrilled to be leading De La Rue at such an exciting, innovative time in its history."
Prior to De La Rue, Reagan worked for Deluxe Corp. where he was responsible for $1.2 billion revenue. He was also responsible for overseeing a sales, marketing and support organization of more than 800 direct employees and more than 600 indirect representatives.