Symbol CEO Hops to NCR

William Nuti leaves Symbol to become president and CEO of NCR

August 1, 2005

2 Min Read

DAYTON, Ohio -- NCR Corporation (NYSE: NCR) today announced that its board of directors has named William (Bill) Nuti to the posts of president and chief executive officer (CEO) of NCR, and elected him to the board of directors. The appointment takes effect on Aug. 8, 2005.

Nuti has served since December 2003 as president and CEO of Symbol Technologies, where he successfully strengthened the company’s product portfolio and positioned the company as a leading supplier in the emerging radio frequency identification, or RFID, industry. After a highly successful 10-year stint at Cisco Systems, Nuti joined Symbol in August 2002 as president and chief operating officer where he led a challenging turnaround. Under his leadership, in 2003 Symbol returned to profitability for the first time in five years, and from 2002 to 2004 increased its revenues by 24 percent.

In appointing Nuti, NCR’s Chairman and interim CEO James (Jim) Ringler, who will continue with the company as chairman, stated, “Bill is an experienced and results-driven executive with strong global technology experience, particularly in areas of interest to our company. After considering carefully a number of outstanding candidates, Bill’s proven ability to lead complex organizations, and his track record of building high-performance teams and growing revenue truly stood out. Our board unanimously agreed that he is the perfect fit, and we are delighted to have him join NCR.”

Nuti said, “I see a lot of opportunity at NCR to take a very healthy company with a strong brand and superb technology and build it into an even greater business. It’s an exciting time for the company and I’m looking forward to working with the team to take NCR to an even higher level of performance.”

NCR Corp.

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