Hyosung America Names Chris King as Chief Revenue Officer to Drive Company Growth
DALLAS, May 16, 2025--(BUSINESS WIRE)--Hyosung America, the North American leader in ATM and payments technology, has promoted Chris King to Chief Revenue Officer. In his new role, King is charged with accelerating the company's growth in the financial and retail technology sectors. King, who previously served as senior vice president of sales, will now oversee all revenue operations through direct sales, channel partnerships, marketing and strategic account development.
King brings more than 35 years of industry experience and has been a driving force behind Hyosung's market leadership and innovation. Since joining the company in 2023, he has played a pivotal role in shaping sales strategy, strengthening customer relationships and delivering strong year-over-year performance.
He will report directly to Nancy Gail Daniels, Chief Operating Officer, as part of Hyosung's strategic initiative to drive operational excellence with its aggressive revenue goals.
"Chris is a dynamic and visionary leader whose proven ability to translate technological innovation into tangible customer value makes him the ideal leader to drive our next chapter of growth," said Daniels. "His customer-first approach and deep industry relationships have helped Hyosung exceed expectations time and again. His promotion to CRO reflects both his leadership and our confidence in his ability to fuel Hyosung's next phase of growth."
As CRO, King will focus on advancing Hyosung's strategic roadmap, expanding market share across core business lines and creating even greater alignment between sales, service and customer success.
"Financial institutions, retailers, and ATM owners are facing increasing pressure to modernize their customer touchpoints while maintaining operational efficiency," said King. "My priority is ensuring our team delivers solutions that address these challenges and create competitive advantages for our customers. I look forward to leading the charge as we continue transforming the future of payments and financial technology."
About Hyosung AmericaHyosung Americas, the world's leading cash management and payments platform service provider, is the North American subsidiary of South Korea-based Hyosung TNS, Inc. Since entering the North American market in 1998, Hyosung has grown to be the largest provider of ATMs in the United States offering best-in-class, innovative and transformative technology solutions across the cash management and payments spectrum. Hyosung Americas is headquartered in Irving, Texas, and provides research and development support through its Global Software Center in Dayton, Ohio.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250516071004/en/
Contacts
Patrick Guilshanpatrick@williammills.com 678-781-7232
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Axios
30 minutes ago
- Axios
Amid backlash, Tesla remained resilient in Texas
Even as Tesla deliveries plunged nationally this year amid Elon Musk's very visible (if short-lived) alliance with President Trump, there was at least one state where Tesla registrations were up: Texas. Why it matters: The registration data, obtained by Axios through public information requests, indicates loyalty to the brand in its home base, including Texas' large urban and suburban counties. The depth of conservatives' enthusiasm for Musk's automobiles now faces a major test amid the absolute meltdown last week between the Tesla CEO and the president. By the numbers: Texans registered 12,918 new Teslas in the first three months of 2025, a period when Musk, who contributed more than $250 million to a pro-Trump super PAC during the 2024 election campaign, was enmeshed in the Trump administration as the overseer of DOGE, the president's cost-cutting initiative. Over the same period in 2024, Texans registered 10,679 Teslas. That's a 21% increase year over year. The intrigue: The spike in Texas registrations came as Tesla was flailing elsewhere. Tesla's vehicle deliveries plunged 13% globally in the first quarter of 2025 (336,681 electric vehicles) compared with Q1 2024 (386,810). Tesla vehicles were torched at showrooms and the brand's reputation cratered. Zoom in: Tesla saw year-over-year improvements in its sales in some of the most populous Texas counties. In Travis County, new Tesla registrations grew from 1,369 in the first quarter of 2024 to 1,424 during the first quarter of 2025. In Harris County, they grew from 1,526 to 1,837 during the same period. Tesla registration grew from 1,316 to 1,546 in Collin County and from 990 to 1,146 in Dallas County. In Bexar County, registrations grew from 631 to 664. What they're saying:"It's homegrown pride," is how Matt Holm, president and founder of the Tesla Owners Club of Austin, explains the car company's resilience to Axios. "And regardless of all the drama going on these days, people can differentiate between the product and everything else going on, and it's just a great product." "Elon has absolutely and irreversibly blown up bridges to some potential customers," says Alexander Edwards, president of California-based research firm Strategic Vision, which has long surveyed the motivations of car buyers. "People who bought Teslas for environmental friendliness, that's pretty much gone," Edwards tells Axios. Yes, but: The company had been enjoying an increasingly positive reputation among more conservative consumers. Musk was viewed favorably by 80% of Texas Republicans polled by the Texas Politics Project in April — and unfavorably by 83% of Democrats. In what now feels like a political lifetime ago, Trump himself even promoted Teslas by promising to buy one in support of Musk earlier this year. "In some pockets, like Austin, you have that tech group that loves what Tesla has to offer, can do some mental gymnastics about Musk, and looks at Rivian and says that's not what I want or might be priced out," Edwards says. Between the lines:"Being in the state of Texas, you're naturally conditioned to think you're better than everyone else in the U.S. And when you buy a Tesla" — a status symbol — "that's what you're saying. It doesn't surprise me that there's an increase in sales" in Texas, Edwards says. Plus: Tesla's resilience in Texas could have practical reasons as well, Edwards says. Texas homes — as opposed to, say, apartments in cities on the East Coast — are more likely to have a garage to charge a car in, he adds. What's next: Musk said late last month that Tesla was experiencing a "major rebound in demand" — without providing specifics. But that was before things went absolutely haywire with Trump and Tesla stock took a bath last week.
Yahoo
36 minutes ago
- Yahoo
American Coastal Insurance Corporation (ACIC): A Bull Case Theory
We came across a bullish thesis on American Coastal Insurance Corporation (ACIC) on Miroslav Štěpánek's Substack. In this article, we will summarize the bulls' thesis on ACIC. American Coastal Insurance Corporation (ACIC)'s share was trading at $11.75 as of 4th June. ACIC's trailing P/E was 7.99 according to Yahoo Finance. An insurance agent at their desk consulting a customer about property & casualty insurance. American Coastal is a Florida-based property insurer that stands out in a typically commoditized industry due to its strategic niche, disciplined underwriting, and exposure to a high-premium market shaped by hurricane risk. Despite operating in a state where insurers have frequently gone bankrupt due to underpricing and fraud, American Coastal has maintained resilience through selective client screening and rigorous risk assessment, especially in its focus on residential-commercial properties with gardens. The company's 2022 combined ratio of 86.5%—even after Hurricane Ian—demonstrated its superior underwriting discipline. Trading at a 2024 P/E of 6.9 and boasting a high-teens free cash flow yield, the stock appears significantly undervalued. The company is now well-capitalized post-separation from UPC, with founder Daniel Peed still on the board despite stepping down as CEO. American Coastal is actively returning capital to shareholders via dividends and opportunistic buybacks and has initiated a $0.50/share dividend, reflecting confidence in its financial health. While core insurance operations are mature, modest organic growth is expected from Florida's demographic shifts, and a new MGU business could generate $20 million in annual profits over time. The hurricane risk remains real, but even recent storms like Helene and Milton only caused a modest financial impact, and major hurricanes may sustain high pricing. Investor sentiment remains cautious due to lingering concerns from its UPC past and weather-driven volatility, but those willing to look past episodic turbulence may find compelling upside. A conservative valuation model suggests potential returns of 2–3x over the next few years, making American Coastal a high-yield, asymmetric value play in a misunderstood niche. Previously, we covered a on RLI Corp. (RLI) by Serhio MaxDividends on Substack, operating within the same industry as ACIC, praising its 50-year dividend growth streak, robust underwriting, and strong balance sheet despite a dip in Q1 earnings. Miroslav Štěpánek's thesis on American Coastal Insurance Corporation (ACIC) offers a more contrarian angle, spotlighting a Florida-focused insurer with disciplined underwriting and a high cash flow yield. While RLI offers stability and long-term compounding, ACIC presents an asymmetric value bet with 2–3x upside potential for those willing to brave weather-driven volatility. American Coastal Insurance Corporation (ACIC) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 20 hedge fund portfolios held ACIC at the end of the first quarter which was 18 in the previous quarter. While we acknowledge the risk and potential of ACIC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
Yahoo
38 minutes ago
- Yahoo
Mexican President Sheinbaum seeking meeting with Trump at G7
Mexican President Claudia Sheinbaum says she hopes to have a pull-aside conversation with U.S. President Donald Trump when the two North American leaders travel to Alberta next week for the G7 summit. Her trip north comes as both Canada and Mexico grapple with Trump's persistent tariffs and economic threats, which have also stressed the Canada-Mexico relationship; Ontario Premier Doug Ford has suggested Canada go it alone with the U.S. on trade. Mexico is not part of the G7, but other leaders are often invited for discussions around the global leader summit. Last month, Sheinbaum confirmed she was invited but wasn't sure if she'd attend. "I have decided that I will attend the G7," Sheinbaum said in a statement Monday. "The foreign affairs minister is working on setting up bilateral meetings — it is likely that we will have one with Trump." Prime Minister Mark Carney's office has signalled he is hoping to reach a deal around tariffs and trade around the G7 meetings, taking place in Kananaskis, Alta., from June 15 to 17. The prime minister has also said he wants to make progress on bilateral issues with the U.S. before talks take place on the trilateral Canada-U.S.-Mexico Agreement (CUSMA). A review of that deal is officially slated to start in 2026, although Mexican officials have suggested they expect a review to start earlier than that.
