The president of First Data Corp.’s Card Issuing Services Division, Jim Schoendinger, is leaving to pursue other opportunities, the company said Thursday.
“I want to thank Jim for all of his hard work and wish him the very best in his future endeavors,” First Data chairman and chief executive Charlie Fote said in a statement.
Greenwood Village-based First Data issues credit and debit cards on behalf of more than 1,400 providers. But the business line has struggled to grow.
The Card Issuing Services Division contributed $340.3 million to First Data’s sales in the second quarter, down from $429 million in the second quarter of 2004.
Schoendinger replaced Eula Adams, who stepped down in early 2003.
Before coming to First Data, Schoendinger was president of Transamerica Real Estate Information Services. He also worked at GE Capital for 16 years.
Staff writer Aldo Svaldi can be reached at 303-820-1410 or asvaldi@denverpost.com.
