Mattes out at Diebold Nixdorf, search is on for new CEO

Diebold Nixdorf announced this morning that Andreas W. Mattes has stepped down from his position as president and CEO of the company four-and-a-half years after assuming that role. The change is effective immediately, a company press release said.

Christopher A. Chapman, senior vice president and chief financial officer, and Juergen Wunram, senior vice president and chief operating officer, will jointly serve as interim presidents and CEOs until the company finds a permanent successor to Mattes.

The board of directors has formed a search committee and retained executive search firm Heidrick & Struggles to begin the process of hiring a new CEO.

In a statement, Gary G. Greenfield, who will become chairman of the board Jan.on 1, 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.

Chairman of the board, Henry D.G. Wallace, also issued a statement on the departure of Mattes:

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.

Mattes joined Diebold as president and CEO in June 2013, following the ouster of CEO Thomas Swidarski in late January amid disappointing earnings results in 2012, and flat projections for growth in 2013. Mattes had previously served in executive roles at Hewlett-Packard Co. and Siemens AG.

Topics: Manufacturers, Public Companies

Companies: Diebold Nixdorf

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