Bill Nuti
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William (Bill) R. Nuti is an American businessman from New York. He was the CEO and Chairman of NCR Corporation from 2005 until 2018, when he stepped down from the position. He joined the company after it spun out of
AT&T AT&T Inc. is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world's largest telecommunications company by revenue and the third largest provider of mobile tel ...
. Nuti holds a BSc. in Finance and Economics from C.W. Post College.


Education

Nuti has a BSc. in Finance and Economics from
C.W. Post College LIU Post (formally, the C.W. Post Campus of Long Island University, and often referred to as C.W. Post) is a private university in Brookville, New York. It is the largest campus of the private Long Island University system. The campus is nam ...
, part of
Long Island University Long Island University (LIU) is a private university with two main campuses, LIU Post and LIU Brooklyn, in the U.S. state of New York. It offers more than 500 academic programs at its main campuses, online, and at multiple non-residential. LIU ...
(1986).


Career

While in college, Nuti worked for IBM, selling copiers. Following his graduation in 1986, Nuti accepted a full-time position with IBM, selling telephone systems for an entity IBM had recently acquired. In 1988, Nuti left IBM for a start-up company, Network Equipment Technology, which was based in
San Jose, California San Jose, officially San José (; ; ), is a major city in the U.S. state of California that is the cultural, financial, and political center of Silicon Valley and largest city in Northern California by both population and area. With a 2020 popul ...
. In 1990, he joined Netrix as a regional manager. One of the company's customers was Cisco, which hired Nuti in 1991. In 1997, Nuti moved to
Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...
and ran
Cisco Cisco Systems, Inc., commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, ...
in the Asia/Pacific region. In 1999, he moved to London and ran Cisco Europe, Middle East, and Africa, and more than doubled Cisco's revenue in the region. In 2001, he returned to Cisco's headquarters and became senior vice president responsible for both the company's Worldwide Service Provider business and the U.S. Theater Operations. In this dual role, he led Cisco's field operations, systems engineering, professional services, marketing and U.S. sales divisions. In 2002, he left Cisco and joined Symbol Technologies as President and COO. He became CEO in 2003 and returned the company to profitability for the first time in five years, increasing revenue growth by 24% from 2002-2004.


NCR Corporation

When Nuti joined NCR in 2005 its compound annual growth rate over the eight years following the spinoff was less than 1 percent. Nuti spent 2006-10 restructuring the company's entire supply chain. In January 2007, NCR announced a spinoff of
Teradata Teradata Corporation is an American software company that provides cloud database and analytics-related software, products, and services. The company was formed in 1979 in Brentwood, California, as a collaboration between researchers at Caltech a ...
, the company's data-warehousing business, which was completed on October 1, 2007. In 2009, NCR announced that its headquarters would move from
Dayton, Ohio Dayton () is the sixth-largest city in the U.S. state of Ohio and the county seat of Montgomery County. A small part of the city extends into Greene County. The 2020 U.S. census estimate put the city population at 137,644, while Greater Day ...
to
Atlanta, Georgia Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,715 ...
. Nuti explained the decision in a 2012 interview: “The decision was good for the company long term, but we made it with a heavy heart.” In 2011, NCR started making investments in developing the company vision. NCR made a number of acquisitions including Radiant in 2011,
Retalix Retalix Ltd. is a former State of Israel, Israeli Software house, software company that developed, licensed, implemented and supported software applications for retailers, wholesalers and Foodservice distributor, distributors of fast-moving consum ...
in 2013, and
Digital Insight Digital Insight was a provider of online banking software to banks and credit unions. It also designed FinanceWorks, a product that allowed customers to manage their finances. In 2014, the company was acquired by and folded into NCR Corporation. ...
in 2014. In November 2015, NCR announced a strategic partnership with Blackstone, which NCR said would accelerate its “ongoing strategic transformation into an integrated software and services company.” The agreement called for affiliates of Blackstone to invest $820 million in NCR in the form of perpetual convertible preferred shares. NCR used the Blackstone investment to help fund a share repurchase through a self-tender offer for $1 billion of its common stock. As of 2016, NCR had $1.8 billion in software revenue and $600 million in cloud revenue, up from zero as recently as 2010. Its non-GAAP operating income increased from $383 million in 2010 to $840 million in 2016. On March 22, 2018, Nuti announced he is stepping down from the position of NCR's CEO due to health reasons.


Board memberships

In June 2008, Nuti was appointed to Sprint Communications' Board of Directors, where he served until July 2013. In May 2014, he was elected to the Board of Directors at Coach, Inc., where he serves on the human resources committee. In 2014, Nuti became a member of the
Georgia Institute of Technology The Georgia Institute of Technology, commonly referred to as Georgia Tech or, in the state of Georgia, as Tech or The Institute, is a public research university and institute of technology in Atlanta, Georgia. Established in 1885, it is part of ...
advisory board, where he served until 2017. In December 2013, he joined the Board of Directors of
United Continental Holdings United Airlines Holdings, Inc. (formerly known as United Continental Holdings, Inc., UAL Corporation, Allegis Corporation and founded originally as UAL, Inc.) is a publicly traded airline holding company headquartered in the Willis Tower in Chica ...
(United Airlines), where he serves on finance, compensation, and public responsibility committees. He is a trustee at Long Island University. In the past, he served on the board of Opus360 Corp.


Writing and speaking

In 2014, Nuti was the primary speaker at the Dubai International Project Management Forum (DIPMF). He spoke at the White House Forum on Strategy for American Innovation. In 2017, articles by Nuti were published in
The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
, Entrepreneur, and Mobile Payments Today.


Honors

In June 2005, American Business Awards called Nuti the “Best Turnaround Executive.” In 2015, he was named “Most Admired CEO” by the
Atlanta Business Chronicle The ''Atlanta Business Chronicle'' is a weekly newspaper covering business news in Atlanta, Georgia, published by American City Business Journals. The paper has both a weekly print edition and an online edition. History The ''Atlanta Business ...
. He has also been included on Long Island University's list of Notable Alumni. In 2014, he was a recipient of the Atlantic Legal Foundation's Annual Award. In 2017, he received the Lifetime Global Innovation Award from the ATM Industry Association.


Personal life

Nuti was raised in a two-bedroom tenement in the Bronx. To earn money, Nuti started delivering newspapers when he was nine years old. He lives in
New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...
with his wife, Michele, and their one son.


References

{{DEFAULTSORT:Nuti, Bill American chief operating officers Long Island University alumni IBM employees Living people Businesspeople from New York City 20th-century American businesspeople 21st-century American businesspeople People from the Bronx NCR Corporation people Year of birth missing (living people)