NCR Corp.'s (NCR) Chief Financial Office Anthony Massetti will
leave the company later this month to take on the same role at
privately held Avaya Inc.
The appointment comes at a key time at Avaya, which is wrangling
with Canadian regulators over its planned $915 million buy of
Nortel Corp.'s (NRTLQ) enterprise solutions division.
Massetti will leave technology company NCR on Oct. 23 for his
new appointment with Avaya on Oct. 26. He will be replaced at NCR
by interim Chief Financial Officer Robert Fishman. Fishman, the
company's corporate controller, already served as interim chief
financial officer for nine months ended January 2008.
NCR said Massetti will continue as its chief financial officer
through its third-quarter earnings announcement. The company is in
the process of seeking a replacement, saying it was considering
both internal and external candidates.
Shares of NCR were inactive after closing the regular session
down 1% at $13.53. Avaya, which makes communication equipment and
software to integrate voice and data services, was taken private by
Silver Lake Partners and TPG Capital for $8.2 billion in 2007.
-By John Kell, Dow Jones Newswires; 212-416-2480;
john.kell@dowjones.com