Diebold Nixdorf, Incorporated (NYSE:DBD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 9.01.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 13, 2017, Andreas W. Mattes, Chief Executive Officer and President of Diebold Nixdorf, Incorporated (the “Company”), stepped down as Chief Executive Officer and President of the Company. In connection with his departure from the Company, Mr. Mattes will be entitled to receive compensation under his employment agreement with the Company with respect to a termination of his employment without cause.
Until a permanent successor to Mr. Mattes is appointed, the Company’s Board of Directors (the “Board”) has established an Office of the Chief Executive consisting of two Co-Presidents, which will act as the Company’s principal executive officer. On December 13, 2017, the Board appointed two Company executives, Christopher Chapman, currently the Senior Vice President and Chief Financial Officer, and Juergen Wunram, currently Senior Vice President and Chief Operating Officer, as Interim Co-Presidents of the Office of the Chief Executive.
Mr. Chapman, age 43, has served as Senior Vice President and Chief Financial Officer of the Company since June 2014. From 2011 until June 2014, Mr. Chapman served as the Company’s Vice President, Global Finance, and from 2004 until 2011, Mr. Chapman was the Company’s Vice President, Controller, International Operations.
Dr. Wunram, age 59, has served as Senior Vice President and Chief Operating Officer of the Company since February 2017. Prior to assuming such role, Dr. Wunram served as the Company’s Senior Vice President and Chief Integration Officer since August 2016. Dr. Wunram has served as a member of the Board since February 2017. Dr. Wunram also held various roles with Diebold Nixdorf AG, and currently serves as Chief Executive Officer (since April 2017), and Chief Financial Officer, Chief Operating Officer, President and member of the management board (each since 2007). Dr. Wunram began working with Diebold Nixdorf AG in 1993 as a consultant with McKinsey & Company, a leading management consulting firm. Prior to that, he led McKinsey’s Hamburg office and was a member of the leadership team for the European High-Tech Sector and Operations Practice. Dr. Wunram holds a doctorate in mathematics from the University of Hamburg, Germany.
Item 9.01 Regulation FD Disclosure.
The news release related to the events described in this Item 9.01 is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
DIEBOLD NIXDORF, Inc ExhibitEX-99.1 2 ex991pr12-31×2017.htm EXHIBIT 99.1 Exhibit Media Relations Investor RelationsMike Jacobsen,…To view the full exhibit click here
About Diebold Nixdorf, Incorporated (NYSE:DBD)
Diebold Nixdorf Inc., formerly Diebold, Incorporated., is engaged in the business of financial self-service (FSS) and security solutions. The Company’s segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). It offers an integrated line of self-service solutions and technology, including automated teller machine (ATM) outsourcing, ATM security, deposit automation, recycling and payment terminals and software. It also offers functionality terminals supporting mobile card-less transactions and two-way video technology to support bank branch automation. It provides physical and electronic security systems, as well as provides total security systems solutions to financial, commercial, retail and other markets. The Company sells and services FSS and security systems around the globe, as well as elections, lottery and information technology solutions, through subsidiaries, joint ventures and independent distributors.
