People on the Move: Philip W. Tomlinson and M. Troy Woods, TSYS
TSYS announced that Philip W. Tomlinson has decided to retire as CEO, and M. Troy Woods has been elected by the TSYS board of directors as president and CEO, effective July 31, 2014. Tomlinson will continue to serve as executive chairman of the board of TSYS until the 2015 annual shareholders’ meeting.
Tomlinson joined Columbus Bank and Trust Company in 1974 and was part of the early credit card team, becoming executive vice president of TSYS in 1983 when it was spun off as a public company, and then elected its president in 1992. Over his 40-year tenure, TSYS won numerous awards for its ethical standards and service to the communities in which it operates.
Woods started his career at Columbus Bank and Trust Company in 1970, working part time in the bankcard department and eventually becoming a vice president. He left the company in 1977 to become senior vice president of consumer lending for AmSouth Bank, rejoining TSYS in 1987 and directing the company’s international expansion, strategic planning and major client negotiations. Most recently, he guided the company’s diversification strategy into faster growing areas of payments.