UPDATE 1-First Data appoints new CEO

* Names Jonathan Judge CEO effective Oct 1

* Says Joe Forehand to continue as chairman

Sept 28 (BestGrowthStock) – First Data Corp, a privately held
credit card processor, named Jonathan Judge chief executive
effective Oct. 1.

The company, owned by Kohlberg Kravis Roberts & Co [KKR.N],
said Judge, former CEO of payroll processor Paychex Inc
(PAYX.O: ), suceeds interim CEO Joe Forehand.

Forehand will remain as chairman of the board.

Judge, a former IBM (IBM.N: ) executive of 26 years, resigned
from Paychex in July. [ID:nSGE66B0HE]
First Data has seen several top management changes this year,
including the departure of CEO Michael Capellas, who left the
position in March to become a senior adviser at parent company
Kohlberg Kravis Roberts & Co, and in May, when the company’s
CFO Pat Shannon resigned.
(Reporting by Rachel Chitra in Bangalore; Editing by Gopakumar
Warrier)

UPDATE 1-First Data appoints new CEO