Business
ACI Announces Appointment of Odilon Almeida as President and Chief Executive Officer
Almeida to Assume Role Effective March 9, 2020 Two Decade Payment Industry Veteran Brings Track Record of Value Creation and Proven Expertise Leading Digital
About this update from Aci Worldwide, Inc.
[{"type":"text","content":"\nAlmeida to Assume Role Effective March 9, 2020\n\n\nTwo Decade Payment Industry Veteran Brings Track Record of Value Creation and Proven Expertise Leading Digital Transformations \n\n NAPLES, Fla.--(BUSINESS WIRE)--\nACI Worldwide Inc. (NASDAQ: ACIW) (“ACI” or the “Company”), a leading global provider of real-time electronic payment and banking solutions, today announced that Odilon Almeida has been appointed President and Chief Executive Officer, effective March 9, 2020. Mr. Almeida will also be appointed to serve as a member of the Company’s Board of Directors.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200218005271/en/New ACI Worldwide (ACIW) President and CEO Odilon Almeida (Photo: Business Wire)\n\nMr. Almeida is a seasoned executive with senior leadership experience spanning multiple industries and countries, two decades of payments experience, and a strong track record of growth acceleration and value creation. Mr. Almeida joins ACI having most recently served as an Operating Partner at Advent International, supporting business development at the fund’s portfolio companies, with a particular focus on growth initiatives that support higher sales and earnings. Prior to Advent International, Mr. Almeida served as President, Western Union Global Money Transfer at The Western Union Company. In this role, Mr. Almeida led a $5 billion business across more than 200 countries and was integral to proactively expanding the Company’s digital footprint and growing digital revenues meaningfully and profitably while positioning the Company as the global digital leader in money transfer.\n\n\n“The Board of Directors is immensely pleased to appoint a leader with Odilon’s industry experience and operational credentials to lead ACI’s next chapter,” said David Poe, Chairman of ACI’s Board. “He brings to ACI a proven record of driving organic and acquired growth throughout his career and has demonstrated operational and regulatory excellence. Odilon’s deep understanding of the power of digital innovation, coupled with his significant knowledge of the rapidly evolving challenges and opportunities of the payments space and familiarity with ACI’s customer segments, gives the Board great confidence that he is the right leader to further ACI’s growth strategy, advance the Company...