Obopay
announced that William Scharninghausen has joined the company as executive vice
president and chief financial officer.

Scharninghausen
will be responsible for the company’s financial operations globally, including
the U.S., India and Africa. He will be located in Redwood City
and will report directly to Deepak Chandnani, president and CEO, Obopay.

Scharninghausen brings over
25 years of senior financial experience in the technology industry. He
has a successful track record of achievement working for both public and
private companies devising policies for strategic international financial
issues.

Prior to joining Obopay,
Scharninghausen was the chief financial officer for Global IP Solutions, a
Swedish company headquartered in San
Francisco. He managed the Group’s financial and
accounting operations in San Francisco, Boston, Stockholm, Hong
Kong and Seoul.
He was instrumental in raising $18 million in share offerings and in 2008 he
led the company’s listing on the Oslo Stock Market.  The company was
acquired by Google in July of last year.

Bill
has an ideal combination of skills and experience for Obopay,” said
Chandnani. “He has a track record of success in both complex
international financial transactions and the issues inherent in an innovative
and rapidly changing company. The mobile payments industry is both
dynamic and challenging.”He added, Bill’s professional background and immense
experience in global finance makes him naturally suited to help with our robust
growth plans.”

I
am excited to be a part of a dynamic and growing company that is redefining the
way people will handle money in the future,” commented Scharninghausen, I look
forward to the significant opportunities in front of me and the chance to use
my expertise to assist with the company’s strategic direction and financial
growth.”

By TelecomLead.com Team
[email protected]