ACI Announces Appointment of Odilon Almeida as President and Chief Executive Officer
February 18 2020 - 8:00AM
Business Wire
Almeida to Assume Role Effective March 9,
2020
Two Decade Payment Industry Veteran Brings
Track Record of Value Creation and Proven Expertise Leading Digital
Transformations
ACI 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.
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New ACI Worldwide (ACIW) President and
CEO Odilon Almeida (Photo: Business Wire)
Mr. 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.
“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’s positive momentum, and deliver
long-term value for our stakeholders. We look forward to his
contributions as the Board and management team build on their focus
on driving transformational organic growth.”
Mr. Poe continued, “We would also like to extend our gratitude
to Craig Saks for his invaluable leadership at the Company as
interim President and CEO during this transition period, which was
key to ensuring ACI maintained its business momentum. We appreciate
his stepping up to assume the Interim CEO role, and are excited to
welcome him in his new role as Chief Strategy and Transformation
Officer where he will work closely with Odilon on developing and
enabling ACI’s business strategy through strategic relationships
and partnerships, business development and other transformational
activities. He will be focused on accelerating profitable
growth.”
“I am honored to be joining ACI as the Company’s next CEO,” said
Mr. Almeida. “ACI has a tremendously bright future ahead, with
exciting avenues to accelerate revenue growth and capitalize on
positive trends in payments. I am eager to get started working with
the Board, management team and ACI’s world-class employees to help
customers transform their business with real-time, any-to-any
payments solutions.”
As previously announced, ACI will report its financial results
for the fourth quarter and full year 2019 on February 27, 2020.
About Odilon Almeida
Mr. Almeida most recently served as an Operating Partner at
Advent International, one of the world’s largest and most
experienced private equity funds. Prior to that, he spent 17 years
at Western Union, the global leader in cross-border and
cross-currency money movement, where he advanced through
increasingly significant general management and operating roles.
Most recently, he served as President, Western Union Global Money
Transfer, where he headed the company’s $5 billion consumer
business in 200+ countries and territories. In this position, he
turned around and stabilized Western Union’s largest global
business following years of volatility and compliance issues,
generated top-line continuous profitable growth acceleration, and
expanded the Company’s digital footprint to strengthen its position
as the global digital leader in consumer money transfer. Earlier in
his career at Western Union, Mr. Almeida served as President,
Americas, and Europe, President, Americas, Senior Vice President
and Managing Director, Latin America and the Caribbean, Senior Vice
President and Managing Director, South America, and Regional Vice
President, Southern Cone, Americas. In these positions, he turned
around businesses in the U.S., Europe, Africa, Mexico, Central
America and the Caribbean, established Western Union as the global
digital market leader in P2P money transfer, and grew its Latin
America and Caribbean business by more than five times over 10
years through organic growth acceleration and successful M&A.
Mr. Almeida holds a Bachelor’s degree in civil engineering from
Centro Universitário Instituto Mauá de Tecnologia and an MBA from
Fundação Getulio Vargas. He extended his education at Harvard
Business School, The Wharton School and the International Institute
of Management (IMD).
About ACI Worldwide
ACI Worldwide, the Universal Payments (UP) company, powers
electronic payments for more than 5,100 organizations around the
world. More than 1,000 of the largest financial institutions and
intermediaries, as well as thousands of global merchants, rely on
ACI to execute $14 trillion each day in payments and securities. In
addition, myriad organizations utilize our electronic bill
presentment and payment services. Through our comprehensive suite
of software solutions delivered on customers’ premises or through
ACI’s private cloud, we provide real-time, immediate payments
capabilities and enable the industry’s most complete omni-channel
payments experience. To learn more about ACI, please visit
www.aciworldwide.com. You can also find us on Twitter
@ACI_Worldwide.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements based on
current expectations that involve a number of risks and
uncertainties. Generally, forward-looking statements do not relate
strictly to historical or current facts and may include words or
phrases such as “expects” and words and phrases of similar impact.
The forward-looking statements are made pursuant to safe harbor
provisions of the Private Securities Litigation Reform Act of
1995.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200218005271/en/
John Kraft, Vice President, Investor Relations & Strategic
Analysis ACI Worldwide 239-403-4627 john.kraft@aciworldwide.com
Dan Ring, Vice President, Public Relations ACI Worldwide
781-370-3694 dan.ring@aciworldwide.com
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