And finally our Biller segment revenue grew 8% on a reported and constant currency basis, while adjusted EBITDA decreased 18% or 19% on a constant currency basis versus Q2 last year. Our Boots on the Ground strategy continues to deliver. So I think the investment for growth in real-time payments is showing, you can see the above 60% growth this quarter. I think all the input -- all the focus on the international areas are paying back. To help provide for an orderly transition, the Board intends to enter into a transition services agreement with. Odilon Almeida, president, chief executive officer and board director of ACI Worldwide, a global software company that provides real-time payment solutions to corporations around the world, leads 4,000 employees based on values. He also has driven consistently successful short- and medium-term turnarounds to restore growth while improving both operating discipline and execution across markets in the U.S., Europe, Middle East, Africa, Latin America and the Caribbean. This greater purpose is important immaterial of rank and file. Previously, with a 17-year tenure at Western Union, Mr. Almeida advanced through increasingly significant general management and operating roles at Western Union, the global leader in cross-border and cross-currency money movement. As we've previously said, now that our debt balances are at our leverage targets, we have revised our capital allocation priorities in the near term, increasing the expected cash flow used for repurchases to approximately 50% of our cash flow. Popularity: 10337. Payments company ACI Worldwide has fired its CEO, Odilon Almeida, the company disclosed in a regulatory filing Tuesday. We are using cookies to give you the best experience on our website. Odilon Almeida's position at ACI Worldwide is effective March 9. Who has a vote. Merchant segment revenue increased 6% or 8% on a constant currency basis, while Merchant segment adjusted EBITDA was flat or down 3% on a constant currency basis versus Q1 last year. They share their successes instantly across the remotest parts of the world, driving enormous change instantly. Download full size colour image Mr. Almeida (1961) is a senior global leader with an exceptional record of value creation in the financial, fintech, telecom and consumer goods sectors. The steady cadence of significant business wins validates our three pillar strategy. Working to achieve this requires commitment, resilience and a sense of urgency, and as a truly global company our employees bring this to the fore every day based not only on their own diversity and passion for what they do, but that also of our customers., 4. Some of them are AR for banks and intermediaries. I think that we are well positioned to have a record year in signings of Billers this year. We announced a $250 million share repurchase authorization in December with plans to use a significant portion of this in the near term. Important URLs: Odilon as a name for boys is of Old German origin, and the meaning of the name Odilon is "fortunate or prosperous in battle". (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';fnames[3]='MMERGE3';ftypes[3]='text';fnames[4]='MMERGE4';ftypes[4]='text';}(jQuery));var $mcj = jQuery.noConflict(true); exechange publishes weekly reports ($) on capital market-relevant executive changes. Yes, there are some of them that we talked about, which is license right, that we got the revenue right away. When you talk about Merchants, that's the same case. Thank you for the question, Joe. In addition, he makes $801,335 as Pres and CEO & Director at ACI Worldwide Inc. Mr has made over 11 trades of the ACI Worldwide Inc stock since 2014, according to the Form 4 filled with the SEC. Odilon Almeida is the president, chief executive officer and a member of the board of ACI Worldwide, a provider of real-time electronic payment and banking solutions. ACI Worldwide, Inc. (ACIW) CEO Odilon Almeida on Q2 2022 Results Hello, everyone, and thank you for joining our first quarter 2022 earnings conference call. We have nothing to announce today, Sam. Sure, Sam. We are reiterating our full year guidance. All Rights Reserved. I think we look at the Merchant business and we had a very strong quarter in recurring revenue last year that was the recovery of the pandemic, and there is the anniversary of that, but I can tell you that we are still estimating a very strong year for merchants in the year to go. Who is refunded. Who has to go. Who is sorted out. Odilon Almeida Limawas born on month day1945, at birth place. new markets and expands with innovative offerings. Many are opportunities others don't see. Sign up and receive our free newsletter every Monday morning. I am on this journey. Opinions expressed by Forbes Contributors are their own. Almeida: My father taught me to appreciate life and live life to the fullest. This quarter's strong organic revenue growth and significant new business wins demonstrate the continued execution of our Fit for Growth and Focus on Growth strategy. [Operator Instructions] Your first question comes from George Sutton from Craig-Hallum. But in parallel, we have all the modernization of our offering, where we are building this next generation of payments, cloud native, that is -- that we're going to have like the minimum viable product already in the beginning of next year. ACI Worldwide, Inc. (NASDAQ:ACIW) Q1 2022 Results Conference Call May 5, 2022 8:30 AM ET, Good day, and thank you for standing by. Join Facebook to connect with Odilon Almeida Almeida and others you may know. Who tumbles. The oldest executive at ACI Worldwide Inc is Evanthia C. Aretakis, 61, who is the Exec. What the appetite is today there? Im pleased with the consistency of our performance and our significant financial flexibility, which support short and long term profitable growth. Whos old. See Photos. Who is replaced. Mr Almeida owns over 15,352 units of ACI Worldwide Inc stock worth over $4,711,676 and over the last 9 years he sold ACIW stock worth over $2,984,293. POC, owned and operated by Executive Mosaic, regularly reports news on the government contracting industry and the many types of companies involved in it. Who is not named. Most recently, he was President, Western Union Global Money Transfer, where he headed the companys $5B consumer business in 200+ countries and territories. We are reiterating our full year guidance and expect revenue growth to be in the mid-single digits on a constant currency basis. Who serves. You can find the full text of both statements on the first and final pages of our presentation deck, a copy of which is available on our website and with the SEC. There are many lessons to be drawn on passion from the customers we serve global workers and small businesses moving money that moves the globe. Who excites. Regarding our third pillar, step-change value creation to M&A, we have no announcements at this time, but I can assure you that we are making progress. Almeida: I was raised with a strong commitment to family in a culture that treated those around us as an extension of family, even if you werent a blood relative. Menu Log In Sign Up Please disable your ad-blocker and refresh. We are pleased to deliver another quarter of results in line with guidance and consensus. During his 30+ year career, he has set strategy and led growth acceleration involving retail and digital transformations, organic expansion and the acquisition and integration of new businesses. On this mornings call is Odilon Almeida, our President and CEO; and Scott Behrens, our CFO. A company spokesperson declined further comment. Okay. All rights reserved, Frank Bisignano, CEO and President of Fiserv, US Space Force Launches Rendezvous and Proximity Satellite Operation Center. There are hills and valleys, but that cultural perspective must always be kept at the forefront., 3. Who is hero. Unlocking Connected Power Of Real-Time Payments | PYMNTS.com Who pays. Thank you, John. No definitely, yes, yes. Find your friends on Facebook. Odilon Almeida Da Silva Profiles | Facebook He is the Chairman of the Compliance and Business Conduct Committee. Just for my benefit and those on the call, when do we start to get revenues in from those new opportunities? Who repeats. EBITDA growth of 50% or 49% on a constant currency basis and new ARR bookings growth of 117% compared to the first quarter of 2021. Who is a friend. Thank you, Scott. It also reinforces the mission critical role of our software and technology in leading the future of real-time payments worldwide. It is hard and it is a day-to-day matter. Odilon Almeida Da Silva. We are winning all around the globe, sometimes with the local hub, sometimes with the connections of the banks to the local hub. ACI did not give an explicit reason for Odilon Almeidas departure from the CEO post. Who is left. VP & Chief Revenue Officer. Explore historical records and family tree profiles about Odilon Almeida on MyHeritage, the world's family history network. As of 8 November 2021 he still owns at least 184,410 units of ACI Worldwide Inc stock. So real-time, very strong, just really broad-based in the bank's strength in the first quarter. I am fluent in English, Spanish and Portuguese. And then I just had a quick follow-up. Who soothes. Who contributes. And thank you for joining our second quarter 2022 earnings conference call. Your next question comes from Mayank Tandon from Needham & Company. Log In. This is a BETA experience. And I think that's what you're seeing quarter after quarter. (exechange) Miami, Florida, November 8, 2022 Odilon Almeida, chief executive of ACI, leaves his position. I find it very important to get to know what motivates my colleagues and how to bring my values to the table in a way that strengthens partnerships in terms of mutuality. If you peel that back even further on the bank side, really thats a lot of thats being powered by real-time payments, which you know through the first half of the year is up almost 50% over last year, so a lot of strength there. And as a follow-up, I wanted to get some color on a high level on what youre seeing in terms of bank spending and how much of a priority payments is given the current macro backdrop, and what youre hearing from your conversations with your bank clients? Who assists. Good day ladies and gentlemen and welcome to the ACI Worldwide, Second Quarter 2022 Conference Call. (2000 U.S. Great. As announced by ACI Worldwide Inc. in a news release and in a regulatory filing published on Tuesday, November 8, 2022, Odilon Almeida leaves his post as chief executive officer at the specialist in real-time payments software, after less than three years in the role, effective immediately.