Atlanta-based financial technology company NCR said Thursday that Bill Nuti, the company’s chairman and CEO, plans to step down for health reasons, and another senior executive also announced he is departing the company.
Nuti, who is based in New York, will remain in his role until a new CEO is found and will carry the title of chairman emeritus while serving in a consulting role, according to a news release. Paul Lagenbahn, the company’s executive vice president over software, has been named chief operating officer. He will replace Mark Benjamin, who resigned to “pursue an opportunity outside NCR.”
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The leadership shakeup comes as NCR recently moved into its Midtown Atlanta campus and amid the company's ongoing evolution into a software and services firm from its roots as the inventor of the cash register. NCR has retained the Spencer Stuart firm to complete a search for a new CEO, which is expected to last for a couple of months.
“I woke up every day as Chairman and CEO of NCR never taking for granted the extraordinary honor it is to lead this great company,” Nuti said in a news release. “I have always felt immense pride being an employee of NCR. It’s a very special company, with incredible people who work hard every day to serve our customers and build something truly great. I want to thank the people of NCR, past and present, for their dedication, focus, and results.”
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