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."