NCR Board Elects New Independent Lead Director and Nominates New Board Member
11 3월 2021 - 7:20AM
Business Wire
Equifax CEO Mark W. Begor to Serve as
Independent Lead Director
Paychex President and CEO Martin Mucci
Nominated to Serve as New Board Member
NCR Corporation (NYSE: NCR) today announced that its Board of
Directors has appointed Equifax Chief Executive Officer Mark W.
Begor as independent Lead Director. Mr. Begor succeeds Chinh Chu in
this role and, subject to his election as a director at the 2021
Annual Meeting, his appointment will be effective on April 20, the
date of the NCR Annual Meeting of Stockholders. Mr. Begor has been
a member of the NCR Board of Directors since February 2020. The
Board also nominated Paychex President and CEO Martin Mucci for
election as a Director at the 2021 Annual Meeting.
Known as a strong operating and financial leader who builds
teams around a clear strategy, Mr. Begor has led growth turnarounds
of several businesses throughout his career. Since joining Equifax,
a $4.1 billion data, analytics and technology company, as CEO in
April 2018, he has led a $1.5 billion technology transformation
across the global enterprise driven by cloud native technology
investments and bolt-on acquisitions.
Mr. Begor previously served as a Managing Director in the
Industrial and Business Services group at Warburg Pincus, a $40
billion growth-focused private equity firm with over 120 portfolio
companies. Prior to that, he spent 35 years at General Electric,
most recently as President and CEO of GE’s $8 billion energy
management business. Before leading GE Energy Management, Mr. Begor
was President and CEO of GE Capital Real Estate. He also served as
President and CEO of GE Capital Retail Finance (Synchrony
Financial), successfully guiding it through a period where the
business doubled in size. He also served as the Chief Financial
Officer at NBCUniversal Media and as GE's Investor Relations
leader, where he oversaw a large number of acquisitions and
dispositions.
“Mark has extensive knowledge of NCR’s business and is well
qualified to serve as our independent Lead Director,” said NCR
Executive Chairman Frank R. Martire. “We look forward to continuing
to work with Mark as we help guide NCR through transformation to an
as-a-service company. On behalf of the Board, I want to thank Chinh
Chu for his valuable contributions and leadership during his time
as independent Lead Director.”
“I am energized to step into this role,” said Mr. Begor. “We
have made great strides in our transformation, and I am confident
that the company has the right strategy to guide it to future
success. I am excited to continue working with our Board to provide
strong oversight and guidance to the management team as we build on
NCR’s strengths to drive growth going forward.”
“I’m excited about the path that NCR is currently on,” said Mr.
Chu. “I’ve been involved with NCR for over five years, and with the
new management team we brought in for three years. NCR is clearly
on the right track with its NCRaaS strategy. With Mark Begor, new
independent Lead Director, and Mike Hayford’s leadership, I’m
confident NCR is poised for success.”
Additionally, the Board has nominated Martin Mucci, President
and CEO of Paychex, to serve as a member of the NCR Board of
Directors, for election by NCR’s stockholders at the NCR Annual
Meeting.
Mr. Mucci has held his position with Paychex, a provider of
integrated human capital management solutions as a service –
including human resources, payroll, retirement, benefits, and
insurance – for small- to medium-sized businesses, since September
2010. Paychex has annual revenue of $4 billion and is a Fortune
1000 company with a market capitalization of $34 billion. During
his tenure as CEO, Mr. Mucci has overseen Paychex’s transformation
into a technology-enabled service company featuring innovative
software-as-a-service technology and propelling the company to
outperform the S&P 500 in total shareholder return. Mr. Mucci
joined Paychex in 2002 as Senior Vice President, Operations. Prior
to joining Paychex, he held senior level positions with Frontier
Communications, a telecommunications company, including President
of Telephone Operations and Chief Executive Officer of Frontier
Telephone of Rochester. Mr. Mucci was a member of the Board of
Directors of Cbeyond, Inc. until it was purchased by Birch
Communications, Inc. in 2014.
“Marty is a proven leader with a transformation- and
growth-oriented mindset,” said NCR President and Chief Executive
Officer Michael D. Hayford. “He has a track record of creating
shareholder value and overseeing a successful technological
transformation at Paychex. His perspective will be highly additive
to our Board.”
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leading software- and
services-led enterprise provider in the financial, retail and
hospitality industries. NCR is headquartered in Atlanta, Ga., with
36,000 employees globally. NCR is a trademark of NCR Corporation in
the United States and other countries.
Website: www.ncr.com Twitter: @NCRCorporation Facebook:
www.facebook.com/ncrcorp LinkedIn:
www.linkedin.com/company/ncr-corporation YouTube:
www.youtube.com/user/ncrcorporation
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News Media Contact Cameron Smith NCR Corporation
678.808.5313 cameron.smith@ncr.com
Investor Contact Michael Nelson NCR Corporation
678.808.6995 michael.nelson@ncr.com
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