– USA, GA – NCR Corporation (NYSE: NCR) today announced the appointment of Equifax CEO Mark Begor as Lead Independent Director, effective on April 20, succeeding Chinh Chu. Mr. Begor has been a member of the NCR Board of Directors since February 2020.
“Mark has extensive knowledge of NCR’s business and is well qualified to serve as our independent Lead Director,” said Executive Chairman, Frank Martire. “We look forward to continuing to work with Mark as we help guide NCR through transformation to an as-a-service company.”
He added: “On behalf of the Board, I want to thank Chinh Chu for his valuable contributions and leadership during his time as independent Lead Director.”
The Board also nominated Paychex President and CEO Martin Mucci for election to its Board of Directors at the 2021 Annual Meeting.
“Marty is a proven leader with a transformation- and growth-oriented mindset,” said CEO, Michael Hayford. “He has a track record of creating shareholder value and overseeing a successful technological transformation at Paychex. His perspective will be highly additive to our Board.”
About Mark Begor
Mark Begor – known as a strong operating and financial leader who builds teams around a clear strategy – has led growth turnarounds of several businesses throughout his career. Since joining Equifax, a $4.1 billion data, analytics, and technology company, as CEO in April 2018, he has led a $1.5 billion technology transformation across the global enterprise driven by cloud-native technology investments and bolt-on acquisitions.
Mr. Begor previously served as a Managing Director in the Industrial and Business Services group at Warburg Pincus, a $40 billion growth-focused private equity firm with over 120 portfolio companies.
Before that, he spent 35 years at General Electric, most recently as President and CEO of GE’s $8 billion energy management business. Before leading GE Energy Management, Mr. Begor was President and CEO of GE Capital Real Estate. He also served as President and CEO of GE Capital Retail Finance (Synchrony Financial), successfully guiding it through a period where the business doubled in size. He also served as CFO at NBCUniversal Media and as GE’s Investor Relations leader, where he oversaw a large number of acquisitions and dispositions.
“I am energized to step into this role,” said Mr. Begor. “We have made great strides in our transformation, and I am confident that the company has the right strategy to guide it to future success. I am excited to continue working with our Board to provide strong oversight and guidance to the management team as we build on NCR’s strengths to drive growth going forward.”
About Martin Mucci.
Marty Mucci has held his position with Paychex, a provider of integrated human capital management solutions as a service – including human resources, payroll, retirement, benefits, and insurance – for small- to medium-sized businesses, since September 2010. Paychex has an annual revenue of $4 billion and is a Fortune 1000 company with a market capitalization of $34 billion. During his tenure as CEO, Mr. Mucci has overseen Paychex’s transformation into a technology-enabled service company featuring innovative software-as-a-service technology and propelling the company to outperform the S&P 500 in total shareholder return. Mr. Mucci joined Paychex in 2002 as SVP, Operations.
Before joining Paychex, he held senior-level positions with Frontier Communications, a telecommunications company, including President of Telephone Operations and CEO of Frontier Telephone of Rochester.
Mr. Mucci was a member of the Board of Directors of Cbeyond, Inc. until it was purchased by Birch Communications, Inc. in 2014.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leading software- and services-led enterprise provider in the financial, retail and hospitality industries. NCR is headquartered in Atlanta, Ga., with 36,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.
For more information: https://www.ncr.com/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.