MRC Board of Directors Appoints Global Executive as New CEO

SEATTLE, Jan. 15, 2014 (GLOBE NEWSWIRE) -- The MRC board of directors today announced that interim CEO Tom Sullivan will be succeeded by Joe O'Konek as its new chief executive officer. A photo accompanying this release is available at "We are excited to have Joe lead the MRC," said Rossini Zumwalt, chairwoman of the board of directors. "Like most young and growing trade associations, our leadership needs have evolved. Joe's more than 20 years of C-suite executive level experience is exactly what we need to strategically position and grow the MRC in 2014 and beyond." Joe is an innovative leader with proven results in strategy, marketing, business development and operations. The majority of his career has been spent in wireless/mobility and he has worked globally from Helsinki, Finland to Taipei, Taiwan. Most recently, Joe was the CEO of CSL, LTD., a subsidiary of Telstra, in Hong Kong. Previously, Joe held positions as the executive vice president of 3SNetworks, vice president and global head at Nokia Siemens Networks, and COO and interim CFO at Singlestep Technologies. Joe has also served in senior executive positions at AT&T Wireless, Far Eastone Telecommunications, Co., Ltd., PrimeCo Personal Communications, L.P., and EuroTel Praha. "We were really looking for someone to take the organization to the next level as we expand into the mobile era," said Tom Sullivan, interim CEO and co-founder of the MRC. "We reviewed scores of applicants and Joe's leadership profile not only met but exceeded the board's needs far more than any other candidate." "I am proud to join the MRC and humbled to lead a merchant community of global leading brands," said Joe. "Our membership represents the who's who of the ecommerce and epayments world; they securely handle billions of transactions daily touching the lives and pocketbooks of hundreds of millions of consumers. The rapid advancement of mobile commerce and payments along with the development of virtual currencies places the MRC truly at the heart of commerce for everyone, everywhere." ABOUT THE MRC: The MRC is the foremost global not for profit organization that fully supports and promotes operational excellence for fraud, payments and risk professionals within ecommerce. Membership includes nearly 400 of the world's most prominent merchants, to include 95 percent of the top 20 ecommerce companies in the world, over 82 percent of the top 50 and over 60 percent of the top 100, and more than 60 category leading solution providers. MRC members report 45% less revenue loss due to fraud than non-members, experience more than 50% less manual reviews and boast 50% less fraud related chargebacks. Headquartered in Seattle, Washington, the MRC's European office is located in Madrid, Spain. Learn more at CONTACT: MEDIA CONTACT: Steven Mandurano TELEPHONE: +1 206.364.2789 ext. 117 EMAIL: -------------------------------------------------------------------------------- This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Merchant Risk Council via GlobeNewswire [HUG#1754784]