First Data announces W. Patrick Shannon as Chief Financial Officer

First Data Chairman and CEO of First Data Michael D. Capellas announced that the company appointed a new Vice President. The post will be taken by W. Patrick Shannon, 46, who will also serve as chief financial officer of the Company. The appointment is effective immediately.

Prior to this appointment, Shannon served as chief financial officer of BellSouth Corporation from 2005 to 2007 until the completion of BellSouth’s merger with AT&T Corporation. In addition, he served as a director of Cingular Wireless and a member of Cingular’s Audit Committee. He brings a proven track record and more than 26 years of experience. Prior to his election as chief financial officer, Shannon was senior vice president for finance responsible for all corporate and divisional financial management, accounting and tax matters. Prior to joining BellSouth Corporation, he was employed by U S West, Inc. in various financial-related positions, including vice president and chief financial officer of MediaOne, Inc., US West’s cable operations in Atlanta. Shannon is a certified public accountant and holds a bachelor’s degree from the University of Georgia.

Shannon succeeds Phil Wall who has been appointed the chief financial officer of Bank of America Merchant Services, the recently formed alliance between First Data and Bank of America. Wall will join the Bank of America Merchant Services senior management team and report directly to its Chief Executive Officer Tom Bell.

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