Alex P. Hart Joins Tier Technologies as CEO and a
August 16, 2010 05:48 PM Eastern Daylight Time
RESTON, Va.--(EON: Enhanced Online News)--Tier Technologies, Inc. (Nasdaq: TIER), a leading provider of
electronic payment solutions for the biller direct market, announced that Alex P. Hart commenced employment as
Tier’s new President and Chief Executive Officer on August 16, 2010. Mr. Hart also joined Tier’s Board of
Directors on August 16.
Most recently, Mr. Hart was President of Fuelman FleetCard programs of FleetCor Technologies, the global leader
in the fleet fuel card business. Previously he was executive vice president and general manager of CheckFree
Corporation’s Electronic Banking Services Division. In this role, he was responsible for the daily operations and
strategic direction of the division, as well as identifying business development opportunities, which included growing
CheckFree’s online banking and electronic payment relationships with financial institution clients and channel
partners. Mr. Hart served as president and CEO of Corillian Corporation, a leading provider of online banking and
bill payment software and services, from 2002 until its acquisition by CheckFree in 2007 for $245 million in cash.
During his tenure at Corillian, Mr. Hart also worked as executive vice president of corporate development, where he
led the company’s efforts in mergers and acquisitions, equity investments, and strategic alliances. Earlier in his career,
Mr. Hart held a number of general management, business development and marketing roles at Microsoft and
NationsBank. He holds a bachelor's degree from Harvard University.
Concurrently with the commencement of Mr. Hart’s employment, Charles W. Berger resigned as Tier’s interim
Chief Executive Officer. Mr. Berger will remain a member of Tier’s Board.
Mr. Hart received options to purchase 400,000 shares of Tier’s common stock on August 16, 2010. Options to
purchase 300,000 shares were granted under the company’s Amended and Restat