Diebold Nixdorf appoints new CEO

Diebold Nixdorf has announced that Gerrard Schmid will join the company as president and CEO, effective immediately, and also will join the board of directors.

Schmid, 49, has previous public-company CEO experience and more than 20 years of leadership in banking, payments and financial technology, a company press release said.

As CEO of D+H Corp., Schmid led the company's transformation into a $1.7 billion global fintech that was publicly traded on the Toronto Stock Exchange before merging with Misys.

Prior to joining D+H, Schmid managed a $3 billion retail banking business at Lloyds TSB in the United Kingdom. Schmid also was executive vice president and chief operating officer for retail banking at CIBC, one of the "Big Five" Canadian banks.

"Gerrard is an established, world-class leader with the right experience to enhance our customer relationships, lead a cohesive world-class team and sharpen our focus on unlocking growth opportunities across the company," Gary G. Greenfield, Diebold Nixdorf nonexecutive chairman of the board, said in the release. "He understands both the needs of customers, as well as the extent to which technology is evolving the consumer experience in banking and retail."

"I am honored and excited to join the global team at Diebold Nixdorf at this important juncture," Schmid said in the release. "The company's rich history, global leadership position and broad customer base provide fertile ground to drive opportunities in the financial and retail industries. I will look to leverage these advantages to improve financial performance, deliver value for customers and shareholders, and create opportunities for our employees."

Originally from South Africa, Schmid earned a bachelor's degree in aeronautical engineering from the University of the Witwatersrand in Johannesburg and a master's degree in aerospace engineering from the University of Toronto.

Companies: Diebold Nixdorf

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