By Rob Curran
NCR Voyix named Executive Chairman James Kelly as president and chief executive, succeeding incumbent David Wilkinson with immediate effect following a series of deals.
The Atlanta maker of point-of-sale and other financial technology said Wilkinson would also step down from the board. Lead independent director, Kevin Reddy, was named non-executive chairman.
Kelly led rival fintech firm EVO Payments for 12 years until the March 2023 sale of that company to Global Payments, where Kelly had previously worked as a senior executive.
The company did not specify a reason for the change, but noted Wilkinson's oversight of a recent corporate transformation, including the spinoff of an ATM unit, and the recent sale of a cloud-based banking unit. In August, NCR Voyix agreed to sell that unit to an affiliate of private-equity firm Veritas Capital for $2.45 billion in cash.
NCR Voyix reiterated expectations that it will report 2024 revenue in a range between $2.85 billion and $2.86 billion. The fintech company also continues to expect adjusted earnings before interest and amortization in a range between $355 million and $375 million.
Shares of NCR Voyix are down by 17% in the last 12 months.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
February 05, 2025 06:42 ET (11:42 GMT)
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