ST. LOUIS--(BUSINESS WIRE)--President and Chief Executive Officer Eric H. Brunngraber has been elected chairman of the board of Cass Information Systems, Inc. (NASDAQ: CASS), the nation’s leading provider of transportation, energy, telecom and environmental invoice payment and information services. Brunngraber succeeds Lawrence A. Collett as chairman and becomes only the 5th person in the 109-year history of Cass to hold the title.
Brunngraber, 58, joined Cass in 1979 and has served in multiple executive capacities of increasing responsibility in the ensuing 36 years.
Collett, 72, will continue his 52 years of service to Cass as lead director of the board. He joined the company in 1963 and had been its chairman since 1992.
About Cass Information Systems
Cass Information Systems has been involved in the payables and information services business since 1956 and disburses over $38 billion annually on behalf of customers from locations in St. Louis, Mo., Columbus, Ohio, Boston, Mass., Greenville, S.C., Wellington, Kansas and Jacksonville, Fla. The support of Cass Commercial Bank, founded in 1906, makes Cass Information Systems unique in the industry. Cass is part of the Russell 2000® Index.
Note to Investors
Certain matters set forth in this news release may contain forward-looking statements that are provided to assist in the understanding of anticipated future financial performance. However, such performance involves risks and uncertainties that may cause actual results to differ materially from those in such statements. For a discussion of certain factors that may cause such forward-looking statements to differ materially from the company’s actual results, see the company’s reports filed from time to time with the Securities and Exchange Commission including the company’s annual report on Form 10-K for the year ended December 31, 2014.