NCR Corporation, a tech provider to banks, retailers and restaurants, has appointed SilverBox Capital co-founder Joseph Reece as chairman of its board of directors.
The fintech is also moving forward with its plans to separate into two independent companies, one focused on digital commerce and the other on ATMs.
The ATM business will aim to improve ATM access and introduce new transaction types, including digital currency solutions.
The digital commerce company will use NCR’s software-led model to serve the retail, hospitality and banking sectors.
NCR, headquartered in Georgia, US, is planning to re-launch and name each company later this year.
Tim Oliver, NCR’s current senior vice president and chief financial officer, will head up one company, and David Wilkinson, executive vice president, will lead the other.
They will continue to work with leadership in their current roles while building out each company’s leadership team.
On his appointment, Reece, who became an NCR director last year, said: “I look forward to continued partnership with the NCR management team as we work to complete our transition into two publicly traded companies, enhancing shareholder value and keeping our customers first.”
Michael D Hayford, NCR chief executive officer, commented: “Joe’s deep experience is invaluable in NCR’s ongoing transformation and our successful separation.”
Speaking on Oliver’s and Wilkinson’s new roles, Reece said: “We are unanimous in our belief that they are the right leaders to take these two industry-leading, technology-driven companies forward.”
Image: NCR Corporation