HUDSON,
Ohio, Feb. 6, 2023 /PRNewswire/ -- Diebold
Nixdorf (NYSE: DBD) today announced that Octavio Marquez, president and chief executive
officer, was elected chair of the company's Board of Directors,
effective Feb. 2, 2023. Marquez was
appointed as Diebold Nixdorf
president and CEO on March 11, 2022.
Over the past year, he successfully led Diebold Nixdorf through streamlining the
company's operating model, bringing improved operational efficiency
and cost savings, as well as leading the company through its
recently closed refinancing transaction. The Board determined that
combining the roles of CEO, president and chairman under one leader
enhances the alignment between ongoing strategic and operational
matters, including focus on deleveraging and evaluating strategic
opportunities to deliver value to shareholders. Independent
director Arthur Anton, previously
chair of the company's Finance Committee and former CEO of Swagelok
Inc., a global manufacturing company, was appointed as lead
independent director of the Board.
Gary Greenfield, who joined the
Board in 2014 and has served as non-executive chairman since 2018,
led the Diebold Nixdorf Board of Directors during a number of
transformational developments, including the delivery of essential
services and solutions to global financial institutions and
retailers during the COVID-19 pandemic. He will not stand for
re-election as a director at the company's annual shareholder
meeting in 2023. Greenfield stated, "Diebold Nixdorf plays an essential role in the
global economy for financial institutions and retailers, and it was
a great honor to serve as director over the past nine years. The
company and the Board will be very well served by Octavio, Art and
their fellow directors. I will continue to cheer for Diebold Nixdorf as a shareholder, and I look
forward to watching the company's success in the marketplace and
around the world in the coming years."
The Board also appointed Marjorie L.
Bowen and Emanuel R. "Manny" Pearlman as directors of the
company effective immediately. The Board also anticipates reducing
the overall size of the Board at the upcoming annual shareholders'
meeting. As previously announced, Bowen and Pearlman bring
substantial expertise and experience leading and guiding public and
private companies, and will enhance the Board's work as the company
moves forward.
Cautionary Note on Forward-Looking Statements
Statements included in this press release that are not
historical facts, including statements regarding the Company's
future performance and operations, its strategic plans, and other
related items, are forward-looking statements. Forward-looking
statements involve risks and uncertainties including, but not
limited to, those detailed in risk factors and elsewhere in the
Company's Annual Report on Form 10-K, subsequent Quarterly Reports
on Form 10-Q, and other filings with the U.S. Securities and
Exchange Commission (the "SEC"). Should one or more of the risks or
uncertainties detailed in the company's filing with the SEC
materialize, or should underlying assumptions prove incorrect,
actual outcomes may vary materially from those forecasted or
expected. The Company disclaims any intention or obligation to
update publicly or revise such statements, whether because of new
information, future events or otherwise.
About Diebold Nixdorf
Diebold Nixdorf, Incorporated
(NYSE: DBD) automates, digitizes and transforms the way people bank
and shop. As a partner to the majority of the world's top 100
financial institutions and top 25 global retailers, our integrated
solutions connect digital and physical channels conveniently,
securely and efficiently for millions of consumers each day. The
company has a presence in more than 100 countries with
approximately 22,000 employees worldwide. Visit
www.DieboldNixdorf.com for more information.
Twitter: @DieboldNixdorf
LinkedIn:
www.linkedin.com/company/diebold
Facebook:
www.facebook.com/DieboldNixdorf
YouTube: www.youtube.com/dieboldnixdorf
DN-C
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SOURCE Diebold Nixdorf,
Incorporated