NORTH CANTON, Ohio,
April 25, 2024 /PRNewswire/ --
Diebold Nixdorf (NYSE: DBD) today
announced the appointment of Thomas
Timko as executive vice president and chief financial
officer (CFO), effective May 17,
2024. He will be responsible for Diebold Nixdorf's financial strategies,
including optimizing the organization's global financial systems
and driving alignment of the company's strategy to its financial
performance to build value for stockholders and other stakeholders.
He will also oversee corporate finance, treasury, strategy,
financial planning and analysis, tax accounting, investor
relations, risk management and shared services. Timko will succeed
current CFO Jim Barna, who will
assist Timko in an orderly transition and become EVP,
Transformation.
Octavio Marquez, Diebold Nixdorf president and chief executive
officer, said: "Tom is an accomplished financial leader who has
a deep background across a number of key financial disciplines and
has worked across major global industries, helping guide the
financial strategies of leading publicly traded companies. He
brings a proven track with more than 30 years of experience
operating in highly complex environments, while delivering
financial and operational discipline, and transformational
leadership. We look forward to Tom's contributions as we pursue
this exciting new phase of our continuous improvement journey. I
also want to thank Jim for his leadership as CFO as we undertook
major actions to restructure our debt and emerge as a financially
stronger company, well-positioned to drive solid performance with
an optimized balance sheet, more liquidity and less debt, while
creating a foundation for the company's long-term success."
Timko, for almost six years, served as global chief accounting
officer (CAO) and controller at GE, where he led a large global
team and served as a key strategic advisor to the executive team,
most recently supporting the successful transformation of the
130-year-old multinational corporation into three stand-alone,
fit-for-purpose companies. Prior to GE, Timko spent over five years
at General Motors (GM) as CAO and controller. During this time, he
partnered with GM's CEO to implement a Global Strategic Risk
Management Program, led the Global Business Solutions function with
over 2,500 service team members, and managed the disposition of
GM's $19 billion European
business.
Earlier in his career, Timko served in a variety of leadership
positions, including vice president and CAO at Applied Materials
where he oversaw FP&A and managed the financial due diligence
for a $5 billion acquisition, and as
CAO and controller at Delphi Corporation, supporting their
emergence from bankruptcy.
"I am thrilled to join such a talented, collaborative and
customer-focused team. Diebold
Nixdorf is a unique company whose integrated solutions
support companies and consumers across the globe," said Timko. "I
believe the company has taken the necessary steps to position
itself for future success and I look forward to leading the finance
organization and partnering with the team to help the company
realize its full potential and create value for our
stockholders."
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 21,000 employees worldwide.
Visit www.DieboldNixdorf.com for more information.
LinkedIn: www.linkedin.com/company/diebold
X: twitter.com/dieboldnixdorf
Facebook: www.facebook.com/DieboldNixdorf
YouTube: www.youtube.com/dieboldnixdorf
View original content to download
multimedia:https://www.prnewswire.com/news-releases/diebold-nixdorf-announces-thomas-timko-as-chief-financial-officer-302128060.html
SOURCE Diebold Nixdorf,
Incorporated
