Management Team
Michael A. Keresman, III
Founder, Chairman, President, CEO
makiii@cardinalcommerce.com
Prior to founding the Company in 1999, Mr. Keresman was one of the earliest employees at STERIS Corporation (NYSE: STE) holding several senior management positions from 1988 to 1999 including during STERIS initial public offerings. STERIS Corporation markets, develops, and manufactures infection and contamination prevention systems, related consumables, accessories and supplies for the worldwide healthcare and scientific markets. Mr. Keresman s most recent position at STERIS was Senior Vice President, Chief Financial Officer, and Chief Information Officer, as well as functioning as the primary operations executive. During his tenure as Chief Financial Officer he was responsible for investor and stockholder relations.
In 1981, Mr. Keresman was one of the founders and Chief Financial Officer for the first statewide HMO network in the country. HealthAmerica of Ohio originated in Cleveland, Ohio and grew from 20,000 members to more than 100,000 members in less than three years. HealthAmerica, the parent company of HealthAmerica of Ohio, became a public company during his tenure and, as the financial executive of the largest subsidiaries, he was part of the support team that helped the company go public.
Between his tenure at STERIS and HealthAmerica, Mr. Keresman held senior management positions at International HealthCare, Inc. (IHC) and Western Reserve Health Plan. Mr. Keresman has a BSBA in Finance from John Carroll University.
Chandra Balasubramanian
Co-Founder, Executive Vice President and CTO
chandrab@cardinalcommerce.com
Prior to co-founding the Company in April, 1999 as its Vice President and Chief Technology Officer, Mr. Balasubramanian was, from February 1998 to 1999, co-founder and Division Manager of QIS/Live TechSolutions, a company which develops, markets and supports web-based solutions to enhance workplace productivity and retail as well as business-to-business eCommerce.
In his role as Division Manager of QIS/Live TechSolutions, Mr. Balasubramanian managed multiple eCommerce related projects and managed new product development. Mr. Balasubramanian also served as technical consultant for PMH Caramanning, Inc. from July 1997 to February 1998 and served as a technical consultant for the Hong Leong Bank from September 1995 to July 1997 and AIT Sdn Bhd from October 1996 to July 1997.
He began his career as a Senior System Analyst/Programmer for Innovation Software Exports Ltd in Madras, India from May 1993 to August 1993. Mr. Balasubramanian has a Bachelor of Commerce degree from the University of Madras (India), and he also holds an Advanced Diploma in Systems Management from the National Institute of Information Technology and is a Microsoft Certified Professional.
Christopher G. Brown
Chief Financial Officer
chrisb@cardinalcommerce.com
Prior to his role as CFO, Mr. Brown most recently held the position of Director of Finance at CardinalCommerce from January 2003 to December 2005.
Prior to joining Cardinal, Mr. Brown managed a venture portfolio for a hedge and venture fund in Cleveland, Ohio. In addition to performing due diligence and making investment decisions, he supported portfolio companies' internal financial needs including budget planning and management reporting. Mr. Brown has technology and startup experience gained as a founding member of the dotcommery, a digital business accelerator. He also has extensive financial and analytical background starting his career in consulting with Mercer and Buck Consultants.
Mr. Brown has a BA (Honors) in economics and history from Queen's University in Ontario, Canada, and completed his MBA at Massachusetts Institute of Technology's Sloan School of Management.
Janet L. Kapostasy
Vice President Financial Institution Services
jkapostasy@cardinalcommerce.com
Prior to joining the Company in 2006, Ms. Kapostasy was a Senior Vice President, and the Chief Financial Officer for the Technology and Operations Business Unit at the National City Corporation, from 2000 through 2005. National City is one of the 10 largest Banks in the United States. During her tenure she was an active participant in technology investment decisions, and in strategic planning for the organization.
She joined the STERIS Corporation as Corporate Controller in 1995 and continued in that capacity until 2000. In this role Ms. Kapostasy oversaw financial and operational controls, financial systems and reporting for a company that was growing rapidly, organically and through acquisition.
In 1990, Ms. Kapostasy joined Peoples Savings Bank, as a Senior Vice President of Finance, then a subsidiary of the holding company that would become First Merit. She was quickly promoted to Chief Financial Officer and Senior Vice President of Operations. In this capacity she had wide ranging responsibility for many aspects of running a successful bank including management of a mortgage banking company.
Ms. Kapostasy has a B.A. in Business Management, a B.A. in Accounting, an EMBA in International Business from Case Western Reserve's Weatherhead School of Management, and is a Certified Public Accountant.
Francis M. "Tim" Sherwin
Co-Founder and Executive Vice President
tims@cardinalcommerce.com
Prior to co-founding the Company, Mr. Sherwin was the Senior Vice President of Business Development at QIS, an information technology and Internet services firm from 1998 to 1999. His background focuses on strategy, operations, information technology and financial management.
Mr. Sherwin spent a year-long engagement as Project Manager for the worldwide implementation of the Oracle Applications at Invacare Corporation from 1997 to 1998 while employed by Norstan Consulting. The primary focus of this project was to develop a sound and streamlined system for processing all financial transactions.
Prior to Norstan, Mr. Sherwin spent five years, from 1992 to 1997, at STERIS Corporation as Controller of the North America division, and managed all related financial transaction processing for the division. Mr. Sherwin has a BA in Business from Wittenberg University and an MBA in Finance from Case Western Reserve's Weatherhead School of Management.
Matt McDowell
Vice President, Merchant Services
mmcdowell@cardinalcommerce.com
A native of Pittsburgh, Matt McDowell joined CardinalCommerce in 2006. Mr. McDowell’s role includes managing Cardinal's Merchant Sales Organization, as well as relationships with key partners including banks, software platforms, processors and payment brands.
Mr. McDowell's previous employment included thirteen years at SIRVA, Inc. (NYSE: SIR). SIRVA, a publicly traded employee relocation services firm is headquartered in Chicago, IL. His roles at SIRVA included Director of Relocation Operations, where annual revenues tripled in three years under his leadership.
At SIRVA, Mr. McDowell was appointed Vice President of Sales in July of 1999 and Vice President, National Sales Manager in 2003. His direct sales involvement accounted for 24% of the annual revenues of SIRVA's Relocation Services Division, a 1.2 billion dollar arm of SIRVA. He has worked with many Fortune 500 customers, including 3M, Deutsche Bank, KPMG, HSBC and National City Bank. He holds a Bachelors Degree in Business Administration from Ohio University, graduating summa cum laude.
Phillip C. Romano
Vice President of Operations
philr@cardinalcommerce.com
Phil is currently the Vice President of Operations for CardinalCommerce Corporation with overall responsibility for technology deployment, system operations management, and system and service support. He has over twenty years experience as a management professional with a primary focus on Information Technology implementations, system conversions, and complex integration projects.
Prior to his role at CardinalCommerce, Phil was the Director of Technology Services for Digitant Group (2001 - 2002), an information technology-consulting firm. His responsibilities included technology solution development, deployment, and service support.
As the Director of Business Support Systems for STERIS Corporation (1989 - 2000), he was responsible for business system software, application development, and global management of enterprise systems. He spearheaded the effort to consolidate business system operations resulting from 12 major acquisitions that included a company five times the size of STERIS. This involved major system conversions in 8 countries, and the effort directly supported sales and service operations in over 50 countries. As Director of Information Systems, Phil successfully led the conversion of the financial and manufacturing systems to Oracle-based solutions to posture the organization for rapid growth.
Phil also served as an officer in the U.S. Navy on both active and reserve duty. He is a graduate of John Carroll University, and he holds an MBA (Information Systems) from Case Western Reserve University.
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