NCR Board Elects Deborah Farrington as New Director
Duluth, Ga. – November 27, 2017 – NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced that its Board of Directors has elected Deborah A. Farrington, co-founder and general partner of StarVest Partners, L.P. and president of StarVest Management, Inc. to the company’s board.
StarVest Partners, L.P. is a venture capital firm focused on technology-enabled business services investments that was founded in New York City in 1999. StarVest Partners was an early investor in software-as-a-service (SaaS), having invested in NetSuite Inc., a leading SaaS enterprise resource planning (ERP) company, as the first venture investor in 2000. Ms. Farrington was lead director and chairman of the compensation committee of NetSuite from its initial public offering in 2007 to its acquisition by Oracle in November 2016. She is a director and chairman of the compensation committee of Collectors Universe, Inc. (NASDAQ: CLTC). Representing StarVest, she serves as a board member for a number of portfolio companies in the SaaS, fintech, human capital and data and analytics sectors. She has been named to the Forbes Midas 100 List of top venture capitalists multiple times.
Earlier in her career she was an investment banker, securities analyst and manager with Merrill Lynch & Co. in New York, Hong Kong and Tokyo, and she also worked at Chase Manhattan Bank. A graduate of Smith College, where she is a member of the Board of Trustees, Ms. Farrington earned an MBA from the Harvard Business School, where she served on the Visiting Committee.
“We welcome Deborah to our board,” said Bill Nuti, chairman and CEO, NCR Corporation. “Deborah comes to our board with a valuable history in Financial Services and experience investing in high-quality software companies, and she participates on numerous high-growth software/SaaS company boards, including experience as Lead Director for NetSuite. She is another great asset to our board and she will continue to help NCR transform its business model.“
In accordance with NCR’s declassified board procedures, Ms. Farrington will be a candidate for re-election to the board at the company’s 2018 annual meeting of stockholders.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across the financial, retail, hospitality, travel, telecom and technology industries. NCR solutions run the everyday transactions that make your life easier. NCR is headquartered in Duluth, Ga., with about 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. NCR encourages investors to visit its website which is updated regularly with financial and other important information about NCR.
Website: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation
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NCR Investor Contact NCR Media Contact
Michael Nelson Scott Sykes
NCR Corporation NCR Corporation
678-808-6995 212-589-8428
[email protected] [email protected]
NCR Corporation (NYSE: NCR) is a leader in transforming, connecting, and running technology platforms for self-directed banking, stores, and restaurants. NCR is headquartered in Atlanta, Georgia, with 35,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.
NCR VOYIX Corporation (NYSE: VYX) is a leading global provider of digital commerce solutions for the retail, restaurant and digital banking industries. NCR VOYIX transforms retail stores, restaurant systems and digital banking experiences with comprehensive, platform-led SaaS and services capabilities. NCR VOYIX is headquartered in Atlanta, Georgia, with approximately 16,000 employees in 35 countries across the globe.
This release contains forward-looking statements. Forward-looking statements use words such as “expect,” “anticipate,” “outlook,” “intend,” “plan,” “confident,” “believe,” “will,” “should,” “would,” “potential,” “positioning,” “proposed,” “planned,” “objective,” “likely,” “could,” “may,” and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. Statements that describe or relate to NCR’s or NCR VOYIX’s plans, goals, intentions, strategies, financial outlook, NCR’s or NCR VOYIX’s expectations regarding the Spin-Off, NCR’s or NCR VOYIX’s intention to consummate the offering and issue the Notes or the intended use of proceeds from the offering of the Notes and enter into the new senior secured credit facilities, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of the NCR’s and NCR VOYIX’s control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements. Additional information concerning these and other factors can be found in NCR and NCR VOYIX’s filings with the U.S. Securities and Exchange Commission, including NCR’s most recent annual report on Form 10-K, most recent quarterly report on Form 10-Q and current reports on Form 8-K and NCR VOYIX’s registration statement on Form 10, most recent quarterly report on Form 10-Q and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. Neither NCR nor NCR VOYIX undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Michael Nelson
NCR Corporation
678-808-6995
[email protected]
Scott Sykes
NCR Corporation
[email protected]