ATLANTA--(BUSINESS WIRE)--Apr. 30, 2018--
Corporation (NYSE:NCR) today announced that its Board of Directors
has named Michael D. Hayford Chief Executive Officer and Frank R.
Martire Executive Chairman. Bill Nuti, who previously announced his
forthcoming retirement, will serve as Chairman Emeritus.
Chinh Chu, Lead Independent Director, said, “We are very excited to have
Mike Hayford join as CEO of NCR. He is a proven leader and change agent
with deep experience across a range of transaction-driven software and
technology solutions businesses. Mike’s operational and financial
acumen, along with his track record of driving growth and profitability
in changing businesses, makes him the right choice to lead NCR as we
evolve the company into a software-led solutions business.”
“I am honored and energized by the opportunity to become CEO of NCR,”
said Hayford. “The Company has undergone a successful transformation,
and is today a leader in technology solutions for financial services,
retail and hospitality markets. I look forward to working with the
30,000 talented associates at NCR who deliver exceptional service and
solutions to our customers.”
Chu continued, “We are also fortunate that Frank Martire will be joining
the NCR Board as Executive Chairman. Frank brings unparalleled expertise
to NCR - and with Frank and Mike working together to guide and grow our
business as they previously have with two other comparable businesses -
we are confident that NCR’s future is bright.”
“NCR is an innovator in the technology space and I’m excited to
contribute to its future success,” said Martire. “I look forward to
working with Mike again and fully expect that our successful history of
building and growing Metavante and FIS will help us forge the right path
to enhance shareholder value at NCR.”
Hayford will participate in NCR’s first quarter earnings call tomorrow
at 4:30 p.m.
About Michael Hayford
Michael D. Hayford was most recently Founding Partner of Motive
Partners, an investment firm focused on technology-enabled companies
that power the financial services industry. From 2009 to 2013, he was
Executive Vice President and Chief Financial Officer of Fidelity
National Information Systems (“FIS”), a global leader in financial
services and payment technology systems. He was previously President and
Chief Operating Officer of Metavante Technologies, Inc., a provider of
banking and payments technologies, until its acquisition by FIS in 2009.
Prior to that, he served as Metavante’s Chief Information Officer, Chief
Financial Officer, and head of corporate and product development.
Hayford serves as an independent Director of Endurance International
Group (NASDAQ:EIGI). He holds a Master’s Degree in Business
Administration from Northwestern University's Kellogg School of Business
and a B.S. in Accounting and Computer Science from the University of
Wisconsin - La Crosse.
About Frank Martire
Frank R. Martire most recently served as Non-Executive Chairman of
Fidelity National Information Systems (“FIS”). From 2015 to 2017, he had
served as Executive Chairman of FIS, and from 2009 to 2015 was President
and Chief Executive Officer of FIS after its acquisition of Metavante.
Martire had previously been Chief Executive Officer of Metavante from
2003 to 2009 and President from 2003 to 2008. He had been President and
Chief Operating Officer of Call Solutions Inc. from 2001 to 2003, and
President and Chief Operating Officer, Financial Institution Systems and
Services Group, of Fiserv, Inc., from 1991 to 2001.
Martire serves as Chairman of the Board of Directors of J. Alexander's
Holdings, Inc. (NYSE:JAX). He is also Chairman of the Board of Sacred
Heart University, a Board member of the Baptist Health System, Inc.,
Jacksonville University and Cannae, and a member of the Leadership
Foundation of the Mayo Clinic. Martire holds a Master's degree in
Finance from the University of New Haven, Connecticut, and a Bachelor of
Science degree in Economics from Sacred Heart University.
About NCR Corporation
NCR Corporation (NYSE:NCR) is a leader in omni-channel solutions,
turning everyday interactions with businesses into exceptional
experiences. With its software, hardware, and portfolio of services, NCR
enables nearly 700 million transactions daily across financial, retail,
hospitality, travel, telecom and technology industries. NCR solutions
run the everyday transactions that make your life easier. NCR is
headquartered in Atlanta, Ga., with about 30,000 employees and does
business in 180 countries. NCR is a trademark of NCR Corporation in the
United States and other countries. NCR encourages investors to visit its
website which is updated regularly with financial and other important
information about NCR.
Note to Investors
This release contains forward-looking statements. Forward-looking
statements use words such as “expect,” “anticipate,” “outlook,”
“intend,” “plan,” “believe,” “will,” “should,” “would,” “could” and
words of similar meaning. Statements that describe or relate to NCR’s
plans, goals, intentions, strategies or financial outlook, and
statements that do not relate to historical or current fact, are
examples of forward-looking statements. Forward-looking statements are
based on our current beliefs, expectations and assumptions, which may
not prove to be accurate, and involve a number of known and unknown
risks and uncertainties, many of which are out of NCR’s control.
Forward-looking statements are not guarantees of future performance, and
there are a number of important factors that could cause actual outcomes
and results to differ materially from the results contemplated by such
forward-looking statements. Additional information concerning these and
other factors can be found in the Company’s filings with the U.S.
Securities and Exchange Commission, including the Company’s most recent
annual report on Form 10-K, quarterly reports on Form 10-Q and current
reports on Form 8- K. Any forward-looking statement speaks only as of
the date on which it is made. The Company does not undertake any
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180430005591/en/
Source: NCR Corporation
Scott Sykes, 212-589-8428
Michael Nelson, 678-808-6995