Building on the momentum of a record-setting 2015, Passport – a leading provider of mobile payment software technology for parking and transit agencies – has announced a corporate realignment to fuel continued growth.

The following changes are designed to pair key business units with the company’s strategic expansion objectives:

Bob Youakim, formerly Co-CEO, will now serve as the sole Chief Executive Officer; Khristian Gutierrez, Chief Business Development Officer, has assumed direct responsibility over the company’s Marketing and Sales divisions; Brad Powers, Chief Technology Officer, will continue to oversee the firm’s technology direction and development initiatives.

“These moves simplify our corporate structure, enabling us to continue to fortify our strengths, while simultaneously improving our ability to remain nimble and responsive to the shifting demands of a company operating at scale,” said CEO Youakim. “We ... believe this strengthens our efforts in attracting and retaining talented employees to create the most advanced technology and mobile applications in our industry.”

He said that the move also will provide more executive focus on three key strategic areas: platform enhancements, market expansion, and talent development. 

“We’re committed to ensuring [our enterprise platform’s] continued evolution through significant investment and development based on our clients’ needs,” CTO Powers said. “(Also,) having a more streamlined organizational structure helps us to respond faster in developing markets and to ensure efficient allocation of resources to provide best-in-class client engagement across the board.”

[Source: Passport]