News
NCR lays plans for Teradata spin-off
July 31, 2007
DAYTON, Ohio - NCR Corp. says it soon expects to create a board of directors for its data-warehousing spin-off, Teradata Corp., with James Ringler serving as chairman.
Ringler is the current chairman of NCR Corp.'s board and also serves on the boards of The Dow Chemical Company, FMC Technologies, Autoliv and Corn Products International. He also previously served as vice chairman of Illinois Tool Works Inc. and as chairman and chief executive of Premark International.
Other current NCR board members expected to join the Teradata board include William Stavropoulos, the former CEO and chairman of The Dow Chemical Company; Victor Lund, former CEO and chairman of American Stores Company; C.K. Prahalad, the Harvey Freuhauf Professor of Business Administration at the University of Michigan and a specialist in corporate strategy; and Pete Boykin, former president and chief operating officer of Computer Sciences Corp.
Mike Koehler, head of the Teradata division for NCR, also is expected to join the board.
The company plans to make Koehler CEO of Teradata Corp., once the spin-off is complete. Robert Young, chief financial officer of the Teradata divions, has been named interim CFO for Teradata Corp.
"The strategic guidance, expertise and continuity of leadership these individuals provide will serve Teradata well as it becomes a public company," Ringler said. "While Bill Stavropoulos, Vic Lund and I will be leaving the NCR board, C.K. Prahalad and Pete Boykin will continue to serve on NCR's board in addition to joining the Teradata board."
After the spin-off, Bill Nuti will become chairman of the NCR board while continuing in his role as the company's CEO. Linda Fayne Levinson, a current NCR board member, will serve as lead independent director. Other NCR board directors will include Mark Frissora, Hertz Corp.'s CEO, and Gary Daichandt, former executive vice president of Cisco Worldwide Operations.
Related Media
Subscribe
Get the latest news and resources from ATM Marketplace.
Recent Posts
SEC accuses former ATM businessman Daryl Heller of funneling $185M from investors
Fifth Third named as top veteran friendly employer
DC AG sues Bitcoin ATM operator Athena Bitcoin for allegedly exploiting scam victims
NCR Atleos earns #5 rank in fintech rankings
SEC to revamp cryptocurrency policies amid Trump's pro crypto push
