NCR Atleos Corporation (NYSE: NATL) announced a change in its executive team, revealing that Paul Campbell, the current Executive Vice President and Chief Financial Officer, will be stepping down from his role. Campbell had been appointed as CFO in October 2023 during the company's spin-off from NCR Corp. Although he will be leaving the company, Campbell will remain with Atleos through April 1 to ensure a smooth transition after a successful 2024.
In the wake of this transition, Atleos has appointed Andy Wamser as its new Chief Financial Officer, effective January 27, 2025. Wamser comes to Atleos from Bluelinx, where he served as the Senior Vice President and CFO. Wamser brings with him extensive experience in finance leadership, having held executive positions in both corporate and capital markets roles, including time at Mativ Holdings and Autonation, as well as senior-level investment banking roles at Barclays Capital PLC and UBS.
Tim Oliver, Atleos CEO, expressed gratitude for Campbell's contributions and highlighted his role in establishing Atleos as an independent company, laying the foundation for consistent financial performance, and positioning the company to meet its financial targets for the first full fiscal year. Oliver also expressed confidence in Wamser's ability to continue developing a best-in-class finance organization, enhance strategic execution, and drive value creation for shareholders with his experience as a CFO for public companies and in investment banking and capital markets.
Atleos, a leader in expanding self-service financial access, is headquartered in Atlanta, Georgia, and boasts approximately 20,000 employees globally. The company is known for its industry-leading ATM expertise, operational scale, global services, and constant innovation, all of which contribute to improving operational efficiency for financial institutions, driving footfall for retailers, and enabling digital-first financial self-service experiences for consumers.
In terms of financial performance, Atleos reported robust figures for the last fiscal year, and it will be interesting to see how the transition in the CFO role may impact the company's financial metrics moving forward. As a result of these announcements, the company's shares have moved -2.4% on the market, and are now trading at a price of $31.09. If you want to know more, read the company's complete 8-K report here.
