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Diebold Nixdorf CEO Andy Mattes steps down

13 December 2017  |  3072 views  |  0 Source: Diebold Nixdorf

Diebold Nixdorf (NYSE: DBD) today announced that Andreas "Andy" W. Mattes is stepping down from his position as president and chief executive officer (CEO) effective immediately.

The Office of the Chief Executive will be led by Christopher A. Chapman, senior vice president and chief financial officer, and Juergen Wunram, senior vice president and chief operating officer, until a permanent successor has been named. Chapman and Wunram will serve as Interim Co-Presidents and Co-CEOs of the company in the Office of the Chief Executive. The Board of Directors also announced that it has created a search committee and retained the executive search firm Heidrick & Struggles to immediately begin the process to find a highly qualified CEO.

On behalf of Diebold Nixdorf's board, Henry D.G. Wallace, current Chairman of the Board said, "Over the past several years, the company has achieved a great deal, including the acquisition of Wincor Nixdorf AG which created an industry leader with increased global scale and market diversity. We have made great strides in our integration through the launch of the DN2020 transformation program, and capturing substantial synergies with more on the way. We now look forward to a bright future as a unified company. We thank Andy for his vision and leadership, including overseeing the transaction and integration, and for bringing us to this point in our history."

Gary G. Greenfield, who as previously announced will become Chairman of the Board on January 1, 2018, said, "Given the significant changes taking place in our industry, now is the time for Diebold Nixdorf to leverage the full strength of the organization and enhance its focus on the new era of global connected commerce. I look forward to helping the board conduct a rigorous review of a diverse set of CEO candidates, so we can bring the expertise and knowledge necessary to lead Diebold Nixdorf into its next phase of growth."

Also today, Diebold Nixdorf reaffirmed its full-year 2017 guidance of approximately $4.6 billion in revenue, adjusted EBITDA of $370 million to $380 million and a non-GAAP EPS range of $1.05 to $1.15.

Juergen Wunram is senior vice president and chief operating officer. He previously served Wincor Nixdorf AG as the CFO, COO and a member of the executive board, beginning in March 2007.

Christopher A. Chapman is senior vice president and chief financial officer. He joined Diebold in 1996 and has served in various financial leadership roles within the company's finance organization. Most recently, Chapman led the financial operations and restructuring of Diebold, Incorporated, beginning in October 2013.

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