BillingTree announced the appointment of David Roberts as President and Chief Executive Officer. Former President & Chairman Scott McCollum will continue as BillingTree’s Chairman of the Board, following five years of leading the company’s daily operations and delivering record growth, now processing payments in excess of $2.5 billion annually.

David Robert’s charge is to lead the company through the next stage of growth, as it continues and expands its leadership position in the payments industry. Prior to BillingTree, Roberts was a Managing Director with Bank of America Merrill Lynch where he led the Equity Plan Services business. He was previously President and CEO of Equity Methods, a provider of industry leading software and services in the valuation and expensing of share-based awards which was acquired by Merrill Lynch in 2006.

“I’m delighted to join BillingTree after a period of such extraordinary growth and success in a fast paced and constantly evolving industry,” said David Roberts, speaking on his appointment. “I look forward to continuing the company’s success within healthcare, utility and ARM as well as new verticals, fulfilling BillingTree’s commitment to becoming the leader in simplifying the electronic payments and billing landscape for the customers we serve.”

“David was the perfect fit for our company, having both a proven track record of scaling businesses and an alignment with our culture and core values,” Scott McCollum commented. “In handing over the day to day executive role to him, I’m excited to see his vision and leadership move us forward from the strong position we’ve built for BillingTree thus far…we are delighted to welcome him in his new role.”

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