Bill Nuti

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William (Bill) R. Nuti is an American businessman from New York.[1] He has been the CEO and Chairman of NCR Corporation since 2005. He joined the company after it spun out of AT&T, and worked to reestablish its foundations and increase its revenue as an independent company.[2] Nuti holds a BSc. In Finance and Economics from C.W. Post College.[1]

NCR Corporation[edit]

When Nuti joined NCR in 2005, the company was struggling.[3] It had been spun out of AT&T in 1997 and its compound annual growth rate over the eight years following the spinoff was less than 1 percent.[2]

Nuti spent 2006-10 rebuilding NCR’s foundation, with a focus on restructuring the company’s entire supply chain. In January 2007, NCR announced a spinoff of Teradata, the company’s data-warehousing business,[4] which was completed on October 1, 2007.[5] In 2009, NCR announced that its headquarters would move from Dayton, Ohio to Atlanta, Georgia.[1][6] Nuti explained the decision in a 2012 interview: “The decision was good for the company long term, but we made it with a heavy heart.”[1]

In 2011, NCR started making investments in developing the company vision. NCR made a number of acquisitions including Radiant in 2011,[7] Retalix in 2013,[8] and Digital Insight in 2014.[9]

In November 2015, NCR announced a strategic partnership with Blackstone, which NCR said would accelerate its “ongoing strategic transformation into an integrated software and services company.” The agreement called for affiliates of Blackstone to invest $820 million in NCR in the form of perpetual convertible preferred shares.[10] NCR used the Blackstone investment to help fund a share repurchase through a self-tender offer for $1 billion of its common stock.[10]

As of 2016, NCR had $1.8 billion in software revenue and $600 million in cloud revenue, up from zero as recently as 2010. Its non-GAAP operating income increased from $383 million in 2010 to $840 million in 2016.[11]

Employment history[edit]

While in college, Nuti worked for IBM, selling copiers. Following his graduation in 1986, Nuti accepted a full-time position with IBM, selling telephone systems for an entity IBM had recently acquired.[12] In 1988, Nuti left IBM for a start-up company, Network Equipment Technology, which was based in San Jose, California. In 1990, he joined Netrix as a regional manager. One of the company’s customers was Cisco, which hired Nuti in 1991.[12]

In 1997, Nuti moved to Singapore and ran Cisco in the Asia/Pacific region. In 1999, he moved to London and ran Cisco Europe, Middle East, and Africa, and more than doubled Cisco’s revenue in the region.[13] In 2001, he returned to Cisco’s headquarters and became senior vice president responsible for both the company’s Worldwide Service Provider business and the U.S. Theater Operations.[14] In this dual role, he led Cisco’s field operations, systems engineering, professional services, marketing and U.S. sales divisions.[15]

In 2002, he left Cisco and joined Symbol Technologies as President and COO.[16] He became CEO in 2003 and returned the company to profitability for the first time in five years, increasing revenue growth by 24% from 2002-2004.[13]

Education[edit]

Nuti has a BSc. in Finance and Economics from C.W. Post College, part of Long Island University (1986).[17]

Honors[edit]

In June 2005, American Business Awards called Nuti the “Best Turnaround Executive.”[18] In 2015, he was named “Most Admired CEO” by the Atlanta Business Chronicle.[3] He has also been included on Long Island University’s list of Notable Alumni.[19] In 2014, he was a recipient of the Atlantic Legal Foundation’s Annual Award.[20] In 2017, he received the Lifetime Global Innovation Award from the ATM Industry Association.[21]

Writing and speaking[edit]

In 2014, Nuti was the primary speaker at the Dubai International Project Management Forum (DIPMF).[13] He spoke at the White House Forum on Strategy for American Innovation. In 2017, articles by Nuti were published in The Wall Street Journal,[22] Entrepreneur,[23] and Mobile Payments Today.[24]

Board memberships[edit]

In June 2008, Nuti was appointed to Sprint Communications’ Board of Directors, where he served until July 2013.[25] In May 2014, he was elected to the Board of Directors at Coach, Inc.,[26] where he serves on the human resources committee.[27]

In 2014, Nuti became a member of the Georgia Institute of Technology advisory board,[14] where he served until 2017. In December 2013, he joined the Board of Directors of United Continental Holdings (United Airlines),[28] where he serves on finance, compensation, and public responsibility committees.[29] He is a trustee at Long Island University.[30] In the past, he served on the board of Opus360 Corp.[31]

Personal life[edit]

Nuti was raised in a two-bedroom tenement in the Bronx. To earn money, Nuti started delivering newspapers when he was nine years old.[32]

He lives in New York City with his wife, Michele, and their son.

References[edit]

  1. ^ a b c d "Bill Nuti on Reinventing NCR". www.bcgperspectives.com. Retrieved 2017-07-11. 
  2. ^ a b "How Bill Nuti reinvented NCR Corp.’s culture and infrastructure - Smart Business Magazine". Smart Business Magazine. Retrieved 2017-07-11. 
  3. ^ a b "Bill Nuti". NCR | World Leader In Consumer Transaction Technologies. 2017-01-24. Retrieved 2017-07-11. 
  4. ^ Hagerty, John (2007-01-09). "NCR To Spinoff Teradata". Forbes. Retrieved 2017-07-11. 
  5. ^ "Press Release| Investor Relations | NCR". investor.ncr.com. Retrieved 2017-07-11. 
  6. ^ "NCR on the Forbes America's Best Employers List". Forbes. Retrieved 2017-07-11. 
  7. ^ "NCR completes acquisition of Radiant Systems". NCR | World Leader In Consumer Transaction Technologies. 2011-08-23. Retrieved 2017-07-11. 
  8. ^ "NCR Corporation - News Release". investor.ncr.com. Retrieved 2017-07-11. 
  9. ^ "NCR to Buy Digital Insight for $1.65 Billion for Web Banking". Bloomberg.com. Archived from the original on 2016-04-20. Retrieved 2017-07-11. 
  10. ^ a b "NCR Announces Strategic Partnership with Blackstone Including $820 Million Equity Investment to Accelerate NCR's Transformation". NCR | World Leader In Consumer Transaction Technologies. 2015-11-12. Retrieved 2017-07-11. 
  11. ^ "Document". www.sec.gov. Retrieved 2017-07-11. 
  12. ^ a b "Subscribe to read". Financial Times. Retrieved 2017-07-11. 
  13. ^ a b c "Bill Nuti is the primary speaker in Dubai International Project Management Forum - AMEInfo". ameinfo.com. Retrieved 2017-07-11. 
  14. ^ a b "| Event Details". Georgia Tech Scheller College of Business. Retrieved 2017-07-11. 
  15. ^ "Press release dated August 1, 2005". www.sec.gov. Retrieved 2017-07-11. 
  16. ^ Rosencrance, Linda. "Cisco exec resigns, moves to Symbol". Computerworld. Retrieved 2017-07-11. 
  17. ^ "LIU Post Means Business - Long Island University". www.liu.edu. Retrieved 2017-07-11. 
  18. ^ Inc., Symbol Technologies,. "Symbol Technologies President and CEO Bill Nuti Garners Best Turnaround Executive Award at the 2005 American Business Awards". www.prnewswire.com. Retrieved 2017-07-11. 
  19. ^ "Alumni List | LIU". liu.edu. Retrieved 2017-07-11. 
  20. ^ "Reinvention: A CEO Instills A Vibrant Culture In A 130-Year-Old Company | The Metropolitan Corporate Counsel". www.metrocorpcounsel.com. Retrieved 2017-07-11. 
  21. ^ "NCRs Bill Nuti Receives ATM Industry Association Lifetime Global Innovation Award". Retrieved 2017-07-11. 
  22. ^ Nuti, Bill. "WSJ: 24/7 Banking Is 50 Years Old". Dow Jones Digital Reprint Solutions. Retrieved 2017-07-11. 
  23. ^ Nuti, Bill. "Bill Nuti". Entrepreneur. Retrieved 2017-07-11. 
  24. ^ "The new payment future: 3 technologies leading the way". www.mobilepaymentstoday.com. 2017-04-04. Retrieved 2017-07-11. 
  25. ^ "Sprint Nextel Announces Appointment of William Nuti to Its Board of Directors | Sprint Newsroom". Retrieved 2017-07-11. 
  26. ^ "Board of Directors :: William Nuti". www.coach.com. Retrieved 2017-07-11. 
  27. ^ "COACH - Committees". www.coach.com. Retrieved 2017-07-11. 
  28. ^ "United Continental Holdings Names William R. Nuti to Board of Directors". United - Newsroom. Retrieved 2017-07-11. 
  29. ^ "Committee Composition". ir.united.com. Retrieved 2017-07-11. 
  30. ^ "Board of Trustees | LIU". www.liunet.edu. Retrieved 2017-07-11. 
  31. ^ "Opus360.com - About Opus360: Board of Directors". www.wayfan.com. Retrieved 2017-07-11. 
  32. ^ "How My Job as a Paperboy Taught Me About the Power of Reinvention". NCR | World Leader In Consumer Transaction Technologies. 2017-03-14. Retrieved 2017-07-11.