St. Louis, MO (PRWEB) February 04, 2013
InteliSpend Prepaid Solutions announces the retirement of Darryl Hutson, who served as CEO since the company’s inception in 1997. Hutson’s 43-year career in the corporate incentive industry includes various leadership positions spanning the travel, awards and prepaid segments.
He is best known for revolutionizing the use of prepaid cards in the incentive space, as well as the patented DirectSpend® process known in the industry as RAN (restricted authorization network). A prepaid industry pioneer, Hutson was honored with Paybefore’s 2008 Industry Achievement Award.
“Darryl has been a very strong leader, the only CEO in the company’s history, and one who has managed the company through challenging times and market transitions,” said Steve Maritz, chairman and CEO of Maritz. “We are grateful for his innumerable contributions to the company and his innovative leadership.”
Effective immediately, Jim Menadier, president of InteliSpend, will assume the day-to-day operational responsibilities for the organization. Menadier has held various leadership positions since the launch of the joint venture between American Express and Maritz now known as InteliSpend. Most recently Menadier served as president of Maritz Motivation Solutions, part of the Maritz family of companies, while serving as an InteliSpend board member. In April of 2012, he returned to InteliSpend as president.
About InteliSpend: InteliSpend Prepaid Solutions, LLC, an independent entity within Maritz Holdings, Inc., is an issuer of Discover®-branded prepaid products, a reseller of American Express®-branded prepaid products and a program manager for MasterCard and Visa. InteliSpend provides businesses with prepaid solutions, including prepaid cards, online reward management technology, and program management. Its products address a broad array of applications, such as employee reward and recognition, sales incentives, expense management, and consumer promotions. InteliSpend is headquartered in Fenton, MO, and is a licensee of U.S. Patents 5,689,100 and 5,956,695 and Canadian Patent 2,215,969. For more information, visit intelispend.com or call 1-888.234.7725.
About Maritz Maritz is a sales and marketing services company, which helps companies achieve their full potential through understanding, enabling, and motivating employees, channel partners and customers. Maritz provides market and customer research, communications, incentive initiatives, rewards and recognition, effective meeting, event and incentive management services, and customer loyalty programs. We demonstrate our commitment to human potential through philanthropic initiatives and partnerships with organizations offering programs designed to educate. For more information, visit maritz.com or call 1-877.4MARITZ.