Massetti Joins NCR

Veteran finance executive brings solid experience with international technology companies

November 21, 2007

2 Min Read
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DAYTON, Ohio -- NCR Corporation (NYSE:NCR) today announced it has selected Tony Massetti as its new chief financial officer (CFO). Massetti will join NCR in January, 2008, after concluding responsibilities at QLogic Corp. (NASDAQ:QLGC), a leader in networking storage and high-performance computing. Until that time, Bob Fishman, NCRs corporate controller, will continue to serve as interim CFO.

“As NCR pursues our strategy to drive profitable growth, while continuing to focus on improving our overall cost structure, Tony’s financial and international business experience will be of great value,” said NCR Chairman and Chief Executive Officer Bill Nuti. “We’re pleased to have someone of his caliber joining our leadership team at this important time in the company’s evolution.”

Massetti will join NCR from QLogic where he has served as CFO, building a strong finance organization with solid financial processes and controls. During his five years with QLogic, Massetti’s leadership contributed to an improved financial model and profitable growth.

Massetti began his career at IBM and served for 17 years in positions that spanned accounting, financial planning, treasury and business controls. He spent five years at IBM’s European headquarters managing a P&L where revenue exceeded $20 billion and the balance sheet included more than $20 billion in assets, as well as two years in Hong Kong and China as the CFO of an IBM joint venture, then CFO of the Technology Group, which included five Asian manufacturing sites with several billion dollars in revenue.

Previously, Massetti served as CEO of Aurum Solutions, Ltd., a consulting company in Hong Kong, and as senior director/vice president of Finance for Sandisk Corp., the world’s largest supplier of flash memory data storage products.Massetti’s experience includes financial planning, budgeting, forecasting and measurement; business case development and modeling; analysis and execution of strategic offshore partnering; M&A and divestitures; corporate governance; Sarbanes-Oxley compliance; and external reporting and investor relations.

“NCR is a well-recognized global company that has a bold vision, solid financials and a deep commitment to its customers,” Massetti said. “It is a company known globally for its innovation and technological expertise throughout history. NCR solutions have changed the way businesses interact with consumers – and that’s true today, more than ever, with self-service solutions such as airline check-in, retail self-checkout, healthcare self-service, way-finding, and e-commerce and mobile applications for a variety of industries. I’m pleased to join NCR at such an exciting time.”

NCR Corp.

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