Valista names new CEO

Managed service, payments and settlements provider Valista named John Lowry as its new CEO. Lowry has a background in information technology and communications, as well as building technology businesses.
The company said in a statement that founder Raomal Perera will remain as executive chairman and “continue to play an active, day-to-day role in the strategic direction of the company,” while former CEO Arlene Adams “decided to leave [the] company for personal reasons.”
“It is timely for us to appoint John Lowry, who has such a wealth of experience in leading companies by capitalizing on emerging market opportunities,” said Perera. “We believe that John’s proven track record in helping companies to grow at a rapid pace will prove to be a tremendous asset for Valista.”
Lowry has worked for companies including General Electric Co., Ford Motor Co., ICI, IBM, Unilever, Thorn EMI and Anderson Consulting (Accenture). After his 25 years with those companies, he spent 18 years in the start-up, restructuring, refinancing, merger and acquisition of technology businesses in Europe and the U.S, according to Valista.
Lowry said his goal is to make Valista a leader in digital commerce around the globe.
“I will do this by increasing Valista’s market share with extended digital commerce offerings and expanding the company’s customer base in key markets around the world,” he said, adding that he felt he could “propel the company into the next stage of growth with strong sales, a lower cost base and ultimately increased revenue.”