Odilon Almeida, Jr.
About Odilon Almeida, Jr.
Operating Partner at Advent International; former President and CEO of ACI Worldwide (2020–2022) and former President of Western Union Global Money Transfer (2002–2019). Age 63; independent director of NCR Atleos (NATL) since October 16, 2023; Audit Committee and Nominating & Governance Committee member; designated audit committee financial expert. Current public directorship: Amerant Bancorp Inc. (appointed January 22, 2025). Core credentials span global fintech leadership, digital transformation, M&A, and governance.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Advent International | Operating Partner | Ongoing | Global PE operator; value creation across financial/technology sectors. |
| ACI Worldwide (ACIW) | President, CEO, Director | 2020–2022 | Led global real-time payments software across 80+ countries. |
| Western Union | President, Global Money Transfer; senior operating roles | 2002–2019 | Led $5B consumer business in 200+ countries; digital transformation and growth. |
| Millicom (TIGO) | Director | ~2015–2023 | Board oversight for telecom in Latin America/Africa. |
External Roles
| Organization | Role | Start Date | Notes |
|---|---|---|---|
| Amerant Bancorp Inc. | Director | Jan 22, 2025 | Current public company board. |
| Millicom (TIGO) | Director | Prior through 2023 | Prior public company board. |
Board Governance
- Independence: Board affirmatively determined Almeida (and all non-employee directors) are independent under NYSE standards and Atleos guidelines.
- NATL Committees: Audit Committee (member) and Nominating & Governance Committee (member).
- Audit Committee expertise: Almeida designated an “audit committee financial expert” under SEC rules.
- Attendance: 2024 Board (5 meetings), Audit (6), CHRC (6), NGC (4); Almeida attended 100% of Board and relevant committee meetings; all directors attended the 2024 annual meeting.
- Board leadership: Independent Chairman (Joseph E. Reece) and separate CEO; all committees fully independent.
Fixed Compensation
| Component | Amount | Details |
|---|---|---|
| Annual Board retainer (cash or deferred stock election) | $80,000 | Paid quarterly; Almeida elected cash in 2024–2025 Board Year. |
| Committee retainers (member) | Audit: $15,000; NGC: $7,500 | Annual amounts, paid quarterly. |
| Annual equity grant (RSUs) | $160,000 | RSUs vest on May 21, 2025; program increased to $185,000 for 2025 Board Year. |
| 2024 actual director pay | Fees: $102,500; Stock awards: $160,000; Total: $262,500 | Grant date fair value in accordance with ASC 718. |
Performance Compensation
- Directors receive time-based RSUs; no performance-based equity or bonus metrics for non-employee directors; no options granted.
Other Directorships & Interlocks
| Company | Current/Prior | Potential Interlock/Notes |
|---|---|---|
| Amerant Bancorp Inc. | Current | Banking-sector board; Atleos’ Governance Committee reviews any related person transactions; none disclosed for directors. |
| Millicom (TIGO) | Prior | Telecom; no NATL related-party transactions disclosed. |
Expertise & Qualifications
- Board skills matrix highlights Almeida’s leadership (CEO experience), compliance, ERM/cybersecurity, corporate responsibility, financial literacy, global business, government/regulatory affairs, HCM, M&A/corporate finance, banking background, public company board service, strategic transformation, and technology/software experience.
- Designated audit committee financial expert, supporting robust financial oversight.
Equity Ownership
| Metric | Value | As-of Date | Notes |
|---|---|---|---|
| RSUs outstanding | 5,686 | Dec 31, 2024 | Unvested director RSUs. |
| Deferred shares outstanding | None | Dec 31, 2024 | No deferral elections noted for Almeida. |
| Options | None | Dec 31, 2024 | No director options granted. |
| Ownership guidelines | 5x annual retainer | Current | Newly elected directors have 5 years; all non-employee directors exceed or are within compliance period. |
| Hedging/pledging | Prohibited | Current | Insider Trading Policy prohibits hedging and pledging. |
Governance Signals: Shareholder Support
| Item | 2024 | 2025 |
|---|---|---|
| Director election votes – Almeida (For/Against/Abstain/Broker Non-Votes) | 57,406,780 / 847,913 / 61,111 / 8,318,793 | 61,066,292 / 2,209,667 / 73,494 / 5,193,508 |
| Say-on-Pay approval | 97.8% support | Votes For/Against/Abstain: 62,411,072 / 841,431 / 96,950 |
| Audit firm ratification (PwC) – Votes For | 66,475,793 | 68,333,838 |
Governance Assessment
- Strengths: Independent director; audit committee financial expert; 100% meeting attendance; strong shareholder support in elections; straightforward director pay (cash + time-based RSUs) with anti-hedging/pledging and clawback policies; independent board leadership and fully independent committees.
- Compensation alignment: Director pay mix emphasizes fixed retainers and annual RSUs; no options or performance bonuses for directors; program aligned near peer median and increased 2025 equity grant carefully vetted by independent consultant.
- Conflicts and related-party exposure: Governance Committee oversees related person transactions; independence review identified no relationships that would impair independence; no related-party transactions disclosed involving Almeida.
- Monitoring items: External roles at Advent and Amerant Bancorp warrant routine oversight for any business dealings with Atleos’ customers or counterparties, consistent with Atleos’ Related Person Transaction Policy; none disclosed to date.
RED FLAGS: None disclosed regarding attendance, hedging/pledging, related-party transactions, or option repricing. Strong say-on-pay support reduces compensation governance risk.