NCR Corporation (NYSE: NCR) completed its acquisition of retail software solutions developer Retalix for $800 million seven months ago. Sources inform ''Globes'' that Retalix CEO Shuki Shefer and CFO Sarit Sagiv left the company on Sunday.
Sheffer will be succeeded by Eli Rosner, who has worked for NCR for several years.
Control of Retalix changed hands in 2009, when First Israel Mezzanine Investors Fund (FIMI) and the Alpha Group of five Amdocs founders (Eli Gelman, Avi Naor, Boaz Dotan, Nehemia Lemelbaum, and Mario Segal) bought shares in the company from its founders Barry Shaked and Brian Cooper. FIMI and the Alpha Group appointed Sheffer, a former Amdocs executive, as Retalix's CEO in early 2010. Sagiv joined the company in April 2012, succeeding Hugo Goldman.
Sheffer is leaving Retalix after three and a half years, during which he amassed several million dollars from the exercise of options he received when he joined the company.
NCR, run by chairman and CEO William Nuti, has several business divisions, the most important of which is the manufacture of ATM terminals.
Published by Globes [online], Israel business news - www.globes-online.com - on October 1, 2013
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