Teradata, a division of NCR Corporation (NYSE:NCR), today announced the appointment of Stephen (Steve) Scheppmann to the position of executive vice president and chief financial officer (CFO) of Teradata Corporation, the independent company being created through the strategic separation of NCR's data warehousing business.
Scheppmann's appointment will become effective on September 4, 2007. He will report to Mike Koehler, currently senior vice president of the Teradata Division and named to become president and chief executive officer of Teradata Corporation upon completion of the spin off.
"Steve Scheppmann has a proven track record as a chief financial officer and in the technology arena," said Koehler. "He brings global financial experience and a record of success that will serve Teradata well. We are very pleased to have Steve joining the Teradata team."
Scheppmann joins Teradata with 20 years of experience as a CFO and more than 10 years in public accounting. Most recently, he was executive vice president and CFO of Per-Se Technologies, Inc. and is a member of the board of directors of eResearch Technology, Inc., a publicly-traded biotechnical services and technology company, where he also serves as the chair of its audit committee. Previously, he was executive vice president and CFO for NOVA Information Systems, Inc. from 2000 to 2006 and senior vice president and CFO for Larson-Juhl, Inc. from 1988 to 2000. He held senior auditing positions with Arthur Andersen & Company from 1978 through 1988.
A native of Chicago, Scheppmann grew up in Wisconsin and is a magna cum laude graduate of the University of Wisconsin at Whitewater with a bachelor's degree in business administration.
Robert A. Young, interim CFO, will continue in a capacity similar to his previous role as CFO of the Teradata division. Young will serve as vice president of financial planning and operations, remaining a key member of Teradata's leadership team.
Teradata filed its second amendment to its Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) today. Subject to final approval by the NCR Board of Directors, the spin-off transaction is expected to be completed by the end of the third calendar quarter of 2007.