Market Overview

NCR Announces New Organizational Structure and Executive Appointments to Drive Growth


(NYSE:NCR) today announced a new organizational
structure along with the appointment of several new executives. New
additions to NCR's Leadership Team include Owen Sullivan, who joins NCR
as Chief Operating Officer (COO), Frank D'Angelo, who joins to lead
NCR's newly formed Banking business unit, Tim Vanderham, who joins as
Chief Technology Officer (CTO), and Debra Bronder, who joins as Chief
Human Resources Officer (CHRO).

As COO, Owen Sullivan will be responsible for overseeing several of
NCR's functions and operations, including Sales, Services, Software
Engineering & Innovation, Industry Solutions Management, Product
Development, Hardware Product Operations, and Information Technology
Services. Sullivan, who will report to CEO Mike Hayford, previously
served as a senior executive with ManpowerGroup, a $22 billion global
leader in talent management and workforce. His leadership helped
transform the company from a traditional staffing business into a
Fortune 150 human capital organization. Earlier in his career as a group
president at Metavante, Owen was instrumental in helping the company
grow 7X and expand new business lines. He also held a progression of
sales, sales management and product marketing roles over a 14-year
career at IBM.

"I'm looking forward to joining the NCR team during a time of exciting
transformational change," said Sullivan. "Our goal is to continue to
evolve as a software and services company so that we can better meet
customer demands while delivering best in class solutions. NCR has a
storied tradition of driving innovation and helping make the complex
simpler. I look forward to working with this talented group of people
and creating new value for NCR's customers."

NCR also announced the formation of two new customer-facing business
units, Banking and Commerce. NCR appointed financial services industry
veteran Frank D'Angelo to serve as the president of its Banking business
unit. NCR veteran Paul Langenbahn will serve as president of its
Commerce business unit, which serves the retail and hospitality sectors.

D'Angelo's career spans 35 years in the financial services, digital
banking and payments industries. He currently serves as Executive
Chairman of Evertec, a transaction and payments processing company in
Latin America and the Caribbean, is a past Chairman of the Electronic
Funds Transfer Association and served on the Payments Advisor Counsel of
the Federal Reserve Bank of Philadelphia. Previously, he was President
of Monitise Americas, Inc., a provider of mobile banking, payments and
commerce networks. Prior to that post, D'Angelo was Executive Vice
President of the Payments Solutions Group at Fidelity National
Information Services and head of Payments and Digital Banking at
Metavante Technologies. He also held several executive positions at
Diebold, including CEO of Diebold Mexico, living in Mexico City.

Langenbahn has been an executive at NCR for seven years, most recently
as COO, and as Executive Vice President, NCR Software, leading the
company's global software business, and was President of NCR's
Hospitality Division. Prior to NCR, he served as President, Radiant
Hospitality Business Unit, until the firm was acquired by NCR in 2011.

NCR has also appointed Tim Vanderham as CTO. Vanderham will lead both
the Software Engineering and Software Innovation teams and be
responsible for integrating the separate units into one under the new
organizational structure. Vanderham will report directly to Sullivan and
comes to NCR from Thomson Reuters, where he served as the CTO for its
Tax and Accounting division, following a tenure at IBM.

Additionally, NCR appointed Debra Bronder as Senior Vice President and
CHRO. Bronder has significant experience leading Human Resources for
high-growth global companies and implementing innovative business and
people strategies. Most recently, she led Human Resources for
Cardtronics, a global leader in ATM placement and transaction
processing. Previously, Bronder was the Executive Vice President, HR
Operations for Metavante. There, she led people and change initiatives
to increase consistency of the client experience and promote employee
engagement during a time of high growth and rapid expansion.

Also today, NCR Chief Financial Officer Bob Fishman announced his
retirement after 25 years with the company. NCR has initiated a search
for Fishman's replacement, and Fishman will continue to serve as CFO
during that time.

"Future growth will come from taking care of our customers and our
people, improving the quality and delivery of our products and services,
and by making it easier to do business with NCR," said NCR President and
CEO Mike Hayford. "I am confident that these organizational changes,
along with this incredibly talented new leadership team, will deliver
significant results, and quickly. I also want to wish Bob Fishman well
on his retirement, and thank him for his many and significant
contributions to the company over his 25-year career at NCR."

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
future growth, 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 Comments and Join the Discussion!