US ATM manufacturer NCR has named William Nuti as president and chief executive officer (CEO), replacing Mark Hurd who left the firm earlier this year to become CEO of Hewlett Packard.
Nuti joins NCR from Symbol Technologies, a provider of bar-code reading devices, where he has been president and CEO since December 2003, having joined the company president and COO in August 2002. Under his leadership, in 2003 Symbol returned to profitability for the first time in five years, and from 2002 to 2004 increased its revenues by 24%.
Prior to this Nuti was at Cisco Systems where he was senior vice president responsible for both the company's worldwide service provider business and the US theatre operations. In this dual role, he led Cisco's field operations, systems engineering, professional services, marketing and US sales divisions. He also served as president of Emea operations. Before this Nuti led the expansion of Cisco's business operations in the Asia/Pacific region.
Nuti's career also includes sales and management positions at IBM, Network Equipment Technologies and Netrix Corporation.
He succeeds Mark Hurd at NCR who left for the CEO job at Hewlett Packard in March. Hurd had returned NCR to profitability and under his leadership the company's stock rose by more than 300%, while profits soared by nearly 500%.
James Ringler, an NCR board member who had been interim CEO, was named chairman last week, replacing Lars Nyberg.