Bill Nuti, Chairman and CEO, NCR Corporation - IMPACT
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September 22 - IMPACT presents Bill Nuti, Chairman and CEO, NCR Corporation.
William (Bill) Nuti is chairman and chief executive officer (CEO) of NCR Corporation, a global technology company with 22,400 employees and 2008 revenue of approximately $5.32 billion. Under Nuti's leadership, NCR is transforming itself into, as one reporter recently called it, "a self-service giant," leading how the world connects, interacts and transacts with business. NCR's assisted- and self-service solutions and comprehensive support services address the needs of Financial Services, Retail and Hospitality, Travel and Gaming, Entertainment, Healthcare and Public Sector, and Software and Technology Services industries in more than 100 countries.
Nuti has a wealth of global and industry-specific experience in high technology. Before joining NCR in 2005, Nuti served as president and CEO of Symbol Technologies where he led a challenging, but highly successful turn-around effort. Under Nuti's leadership, Symbol returned to profitability for the first time in five years, and from 2002 to 2004 increased revenue growth by 24 percent.
Nuti joined Symbol following more than 10 years at Cisco Systems where he held positions of increasing responsibility, advancing to the dual role of senior vice president of the company's Worldwide Service Provider Operations and senior vice president of U.S. Theater Operations. In these roles, he led Cisco's field operations, technical operations, professional services, marketing and U.S. sales divisions. Prior to that, Nuti served as president of Europe, Middle East and Africa (EMEA) and more than doubled Cisco's revenue to over $7 billion in the region. Prior to his EMEA assignment, Nuti was senior vice president of the Asia/Pacific region and increased revenue over 200 percent, while developing key markets such as China and India.
Since Nuti joined NCR in 2005, he has led the company to consecutive year-over-year profit improvement every quarter while growing revenues consistently. NCR's stock has appreciated by more than 50 percent during his tenure. From 1998 to 2006, NCR's compound annual growth rate was less than 1 percent, compared to a growth rate of more than 8 percent in 2007. In addition, during 2007, NCR's financial self-service revenues grew 15 percent, while self-service revenues in other industries grew at a combined 20 percent. In 2008, NCR achieved revenue growth of 7 percent.
During this time, Nuti successfully executed the spin-off of Teradata, one of NCR's business units, in the third quarter of 2007. Nuti has architected transformational change to position NCR for profitable growth, a leading cost structure and brand relevance. On March 24, 2008, Time magazine's cover story, "10 ideas that are changing the world" highlighted the global self- service movement as the number two revolutionary idea, and identified Bill Nuti as the thought leader behind this consumer- driven movement.
Additionally he is a member of Sprint Nextel's board of directors. Nuti has a bachelor's degree in finance and economics from Long Island University.
This speech was referenced by Global Atlanta, and more can be read at http://www.globalatlanta.com/article/24246/