ATLANTA - NCR (NYSE:VYX) Voyix Corporation (NYSE: VYX), a global provider of digital commerce solutions, has announced the appointment of Darren Wilson as President, International. Wilson, who has a substantial background in global market leadership, will report directly to CEO David Wilkinson and join the company's Executive Leadership Team.
Wilson's appointment is part of NCR Voyix's strategy to expand its international presence and enhance its focus on the Americas, its largest market. The company aims to improve sales effectiveness, product delivery, and customer satisfaction through this strengthened leadership.
David Wilkinson, CEO of NCR Voyix, expressed confidence in Wilson's ability to drive growth and leverage opportunities in new areas. Wilson's career includes significant positions such as President, International at EVO Payments Inc., Managing Director at Worldpay UK, and CEO/President of Western Europe for Global Payments (NYSE:GPN) Inc. He also spent 22 years in various strategic roles at HSBC (LON:HSBA) Banking Group and holds an Associate of the Chartered Institute of Bankers degree from Birmingham and Warwick Universities.
NCR Voyix, headquartered in Atlanta, Georgia, specializes in offering digital commerce solutions to the retail and restaurant industries. The company's cloud-based platform and services capabilities are designed to help businesses transform customer experiences. Operating in over 30 countries, NCR Voyix continues to focus on expanding its global reach and enhancing its product offerings.
The information in this article is based on a press release statement from NCR Voyix Corporation.
In other recent news, NCR Voyix Corporation has made significant strides in financial restructuring, slashing its debt by $1.84 billion following the sale of its Digital Banking segment. The repayment included the settlement of its term loan facility and revolving credit facility, along with a substantial portion of its senior notes due between 2028 and 2030. The company's remaining outstanding debt currently stands at $1.105 billion.
In addition, NCR Voyix has initiated cash tender offers for a portion of its outstanding senior notes, with an aggregate purchase price set to a maximum of $1.1 billion, excluding accrued interest. The tender offers are contingent upon the successful completion of the sale of the company's Digital Banking segment. Goldman Sachs (NYSE:GS) & Co. LLC and J.P. Morgan Securities LLC have been appointed as dealer managers for the tender offers.
In parallel, Primech Holdings Ltd has made amendments to its Form 6-K filing with the U.S. Securities and Exchange Commission in relation to its annual general meeting of shareholders. The company has also announced plans for its annual shareholder meeting, although the specific agenda remains undisclosed. These are the latest developments for both NCR Voyix and Primech Holdings Ltd.
InvestingPro Insights
As NCR Voyix Corporation (NYSE: VYX) embarks on its international expansion strategy with the appointment of Darren Wilson, it's crucial to examine the company's financial health and market position. According to InvestingPro data, NCR's revenue growth has seen a decline of 11.39% in the most recent quarter, which may explain the company's push for new leadership to drive international growth.
InvestingPro Tips reveal that NCR holds more cash than debt on its balance sheet, suggesting a strong liquidity position that could support its expansion plans. This financial stability is further reinforced by the fact that NCR's liquid assets exceed its short-term obligations, providing the company with flexibility as it pursues growth opportunities under Wilson's leadership.
However, investors should note that NCR is not currently profitable over the last twelve months, with an adjusted operating income of -$0.27 million. This underscores the importance of Wilson's role in turning around the company's financial performance, particularly in international markets.
For those interested in a deeper analysis, InvestingPro offers additional tips and insights that could be valuable in assessing NCR's future prospects. There are 7 more InvestingPro Tips available for NCR, providing a comprehensive view of the company's financial situation and market trends.
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