News

NCR appoints new CFO

March 18, 2002

DAYTON, Ohio - NCR Corp. (NYSE: NCR) has named Earl Shanks as senior vice president and chief financial officer. He will take on the role effective September 10, succeeding David Bearman who is retiring from the company at the end of 2001.

According to a company news release, Bearman will work with Shanks over the coming months to transition the financial leadership of the giant technology company. NCR makes ATMs, kiosks, electronic shelf labels, customer relationship management systems, and many other business products.

Shanks most recently served as NCR's vice president of corporate finance. Previously, he served as vice president and corporate controller, as well as treasurer and head of mergers and acquisitions. He joined NCR in 1996 from Chicago-based apparel maker Fruit of the Loom Ltd. where he was vice president and treasurer.

Bearman came to NCR in 1998 after nine years with Cardinal Health Inc. and 20 years with General Electric Company.

Shanks is a graduate of the University of Illinois, where he earned both a bachelor's degree in organizational behavior and a master's degree in accounting.

In his new role as chief financial officer, Shanks will report to NC chairman and chief executive officer Lars Nyberg. He will replace Bearman as a member of NCR's four-person executive committee, which is responsible for setting company direction, the release stated.

Other members of this committee include Mark Hurd, president of NCR and chief operating officer of the company's Teradata Division, and Howard Lance, president of NCR and chief operating officer of the company's Retail and Financial Group.