CPI Card Group Inc. announced that H. Sanford Riley has been appointed Independent Chair of its Board of Directors. Riley, President and CEO of Richardson Financial Group Limited, joined the CPI Board in May. He has served in his current role at Richardson, a specialized financial services company, since 2003 and was previously President and CEO and Chairman of Investor Group Inc., Canada's largest mutual fund company.

Riley is also a member of the board of directors of Molson Coors and RF Capital Group Inc., and previously served on the boards of Canadian Western Bank, The North West Company and Manitoba Hydro. Riley replaces Bradley Seaman as Chair. Seaman had previously announced his intent to resign from the Board effective June 15, 2023.