Outstanding 2020 performance makes way for company shift to secure identity
Panini, a global payments technology provider, is pleased to announce that effective January 1, 2021, two new highly experienced executives will join the company as Chief Executive Officer and Head of International Operations, to lead its transformation and continued growth. Additionally, the company will move its headquarters in Torino to a new, modern location.
“Richard is a dynamic, high performing leader with twenty-five years of proven ability to build and manage teams that generate record sales and profits in highly competitive industries”
Panini just concluded an outstanding year in 2020, reporting solid growth in consolidated revenues, EBITDA and cash flow, allowing the Group to position itself as a leading player in the secure payment and identity solutions industries. This was mostly due to the tremendous success of EverneXt, its flagship intelligent scanner, in bank branch check image capture, confirmed dominant market share in the remote deposit capture (RDC) space, and initiation of the company’s first secure identity-related projects.
“In 2020, Panini worked through limitations and difficulties related to COVID-19 thanks to the relentless engagement of our entire staff,” says Vittorio Levi, Chairman, Panini. “These outstanding results position our now debt-free company to invest and grow further with expansion of secure identity solutions and a renewed effort in international markets.”
Leading these efforts as the company’s new CEO, Richard Kane comes to Panini from Canon Solutions America where he has spent the last decade successfully managing sales and operations in various executive roles. “Richard is a dynamic, high performing leader with twenty-five years of proven ability to build and manage teams that generate record sales and profits in highly competitive industries,” adds Levi. “We’re confident he’s the right person to lead Panini through our reinvention and beyond.”