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William (Bill) R. Nuti is an American businessman from New York.[1][2] He was the CEO and Chairman of NCR Corporation from 2005 until 2018, when he stepped down from the position.[3] He joined the company after it spun out of AT&T.[4] Nuti holds a BSc. in Finance and Economics from C.W. Post College.[2]
Bill Nuti | |
|---|---|
| Alma mater | Long Island University |
| Occupation | Businessman |
| Known for | Chairman & CEO of NCR Corporation |
Nuti has a BSc. in Finance and Economics from C.W. Post College, part of Long Island University (1986).[5]
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.[6] 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.[6]
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.[7] 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.[8] In this dual role, he led Cisco's field operations, systems engineering, professional services, marketing and U.S. sales divisions.[9]
In 2002, he left Cisco and joined Symbol Technologies as President and COO.[10] 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.[7]
NCR Corporation
When Nuti joined NCR in 2005[11] its compound annual growth rate over the eight years following the spinoff was less than 1 percent.[4]
Nuti spent 2006-10 restructuring the company's entire supply chain. In January 2007, NCR announced a spinoff of Teradata, the company's data-warehousing business,[12] which was completed on October 1, 2007.[13] In 2009, NCR announced that its headquarters would move from Dayton, Ohio to Atlanta, Georgia.[2][14] 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.”[2]
In 2011, NCR started making investments in developing the company vision. NCR made a number of acquisitions including Radiant in 2011,[15] Retalix in 2013,[16] and Digital Insight in 2014.[17]
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.[18] NCR used the Blackstone investment to help fund a share repurchase through a self-tender offer for $1 billion of its common stock.[18]
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.[19]
On March 22, 2018, Nuti announced he was stepping down from the position of NCR's CEO for health reasons.[20]
Board memberships
In June 2008, Nuti was appointed to Sprint Communications' Board of Directors, where he served until July 2013.[21] In May 2014, he was elected to the Board of Directors at Coach, Inc.,[22] where he serves on the human resources committee.[23]
In 2014, Nuti became a member of the Georgia Institute of Technology advisory board,[8] where he served until 2017. In December 2013, he joined the Board of Directors of United Continental Holdings (United Airlines),[24] where he serves on finance, compensation, and public responsibility committees.[25] He is a trustee at Long Island University.[26] In the past, he served on the board of Opus360 Corp.[27]
Writing and speaking
In 2014, Nuti was the primary speaker at the Dubai International Project Management Forum (DIPMF).[7] He spoke at the White House Forum on Strategy for American Innovation. In 2017, articles by Nuti were published in The Wall Street Journal,[28] Entrepreneur,[29] and Mobile Payments Today.[30]
Honors
In June 2005, American Business Awards called Nuti the “Best Turnaround Executive.”[31] In 2015, he was named “Most Admired CEO” by the Atlanta Business Chronicle.[11] He has also been included on Long Island University's list of Notable Alumni.[32] In 2014, he was a recipient of the Atlantic Legal Foundation's Annual Award.[33] In 2017, he received the Lifetime Global Innovation Award from the ATM Industry Association.[34]
Nuti was raised in a two-bedroom tenement in the Bronx. To earn money, Nuti started delivering newspapers when he was nine years old.[35]
He lives in New York City with his wife, Michele, and their one son.
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