NCR Corp. has named Richard “Mick” McGuire to its board of directors. McGuire is a founder and managing partner of Marcato Capital Management. Headquartered in Duluth, Georgia, NCR is a provider of consumer transaction technologies.
DULUTH, Ga. & SAN FRANCISCO–(BUSINESS WIRE)–NCR Corporation (NYSE:NCR) and Marcato Capital Management LP, an investment manager that owns approximately 6.5% of NCR’s outstanding shares, today announced an agreement under which NCR has expanded the size of its Board of Directors from eight to nine directors and named Marcato Founder and Managing Partner Richard “Mick” McGuire to the Board. Mr. McGuire will serve on the Board’s Executive Committee and the Compensation and Human Resource Committee.
“We are pleased to welcome Mick to our Board,” said NCR Chairman and CEO Bill Nuti. “Marcato is NCR’s largest shareholder, and we have had an extensive dialogue with Mick regarding his views on the company since his firm became a shareholder in 2012. We believe Mick’s shareholder perspective will further strengthen our Board, and we look forward to working with him as we continue NCR’s transformation and execute on our strategy to drive long-term growth and shareholder value.”
Mr. McGuire stated, “I am pleased to join the NCR Board and look forward to working together with the Board and management team to help NCR reach its full potential.”
The agreement between NCR and Marcato will be included in a Form 8-K to be filed today by NCR.
Based in San Francisco, Marcato manages a select number of passive and activist investments across all industries with a primary focus on opportunities in middle-market public equities. Mr. McGuire has spent his entire career in private and public equity investing and holds an MBA from Harvard Business School and a Bachelor’s degree in Economics from Princeton University.
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 485 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.
NCR is headquartered in Duluth, Georgia, with approximately 29,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. The company encourages investors to visit its web site which is updated regularly with financial and other important information about NCR.