Thomas A. Wimsett has been elected president and chief executive officer by the board of directors of National Processing, Inc., a leading provider of merchant credit card processing and corporate outsourcing solutions. He succeeds Robert E. Showalter, 62, who is retiring from the company.
“Tom Wimsett has been instrumental in focusing National Processing on its core businesses of merchant credit card processing, imaging and travel-related services,” said Robert G. Siefers, chairman of National Processing and vice chairman and chief financial officer of National City Corporation. “Tom is knowledgeable and respected in his profession, and he will provide effective strategic direction and day-to-day leadership for the organization.”
In related actions, National Processing’s directors accepted the retirement of Showalter from the board and voted to increase the number of directors from seven to eight. The board appointed Jon L. Gorney, National City executive vice president, and J. Armando Ramirez, National City senior vice president, as directors.
Wimsett, 35, previously served as executive vice president of National Processing’s Merchant Services division. He began his career with National Processing in 1983 and has held a variety of managerial positions in each of the company’s three business lines. In 1988 Wimsett was one of the primary executives responsible for establishing National Processing’s first international operations in Juarez, Mexico. In 1994 he was responsible for the integration of two check acceptance firms acquired by National Processing. Wimsett was named executive vice president of National Processing and president of NPC Check Services, Inc. in 1995. In 1997 his responsibilities were expanded to include the company’s Merchant Card Services business.
Wimsett graduated from the University of Louisville with a bachelor’s degree in accounting and attended graduate school at the University of Texas at El Paso. He is a member of the Treasury Management Association, Electronic Transaction Association, MasterCard’s Acquirer Committee and Visa’s U.S.A. Acquirer Council. Wimsett resides in Bardstown, Ky., with his wife Rhonda and their three children. He is a member of the National Youth Sports Coaches Association and is actively involved in coaching youth basketball.
Showalter has headed National Processing since March 1997, following assignments as president and chief executive officer of National City Bank, Northeast and National City Bank, Northwest. Previously he was president of CommerceNational Bank in Lexington, where in 1986 he oversaw the merger of two banks into CommerceNational. Prior to joining CommerceNational, he was with the Federal Reserve Bank of Cleveland for nearly 25 years and spent 10 years as senior vice president in charge of the Cincinnati office.
“Bob Showalter has had a long and distinguished career in the banking industry,” said Siefers. “Always a leader in his profession, he has provided outstanding service to clients, our company and the communities in which he served throughout his various assignments in Kentucky and Ohio. We have benefited from his wisdom and experience, and we wish him the best in his well-earned retirement.”
Showalter earned an undergraduate degree from Marietta College and a master’s in business administration from Case Western Reserve University and also attended Harvard’s Advanced Management Program. He held numerous community positions throughout his career, including chairman of the Chamber of Commerce in Toledo, head of the United Way campaign in Lexington and board member for hospitals in Cincinnati, Toledo and Lexington.
Showalter and his wife Shirley have four children and three grandchildren. They plan to divide their time between residences in Lexington, Ky., and Naples, Fla., and to pursue their interests in travel and gardening.
National Processing is a leading provider of transaction processing services and customized processing solutions. Approximately 88 percent of the company is owned by National City Corporation (NYSE: NCC).Details