USA Technologies Announces Appointment Of Interim CFO

MALVERN, PA -- USA Technologies Inc. has named Leland "Lee" Maxwell interim chief financial officer. He replaces J. Duncan Smith, who has left the company.

Maxwell is a senior financial executive with more than 30 years of business experience and a certified public accountant. He served as USAT's financial chief and treasurer from 1997 to 2003. He is the founder of Maxwell CFO Consulting, a firm that specializes in CFO and controller outsource consulting in the mid-Atlantic region. Previously he has served in the roles of CFO at Nurture Inc., and controller at MeadWestvaco and Smurfit Stone Container.

"Smith's resignation was not due to any disagreement with the company, its management or directors on any matter relating to the operations, policies or practices of the company," USAT emphasized.