Diebold Nixdorf CEO Andy Mattes leaves abruptly

  • After about four and a half years in the position
  • Praise and thanks for Mattes
  • Responsibilities redistributed
  • Search for a successor

(exechange) — North Canton, Ohio, December 13, 2017 — Andy Mattes, chief executive of Diebold Nixdorf, leaves. It is an abrupt change. As announced by Diebold Nixdorf, Incorporated in a news release and in a regulatory filing published on Wednesday, December 13, 2017, Andreas Walter (Andy) Mattes leaves his post as chief executive officer at the ATM maker after about four and a half years in the position, effective immediately.

Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who departed over the past twelve months was 8.8 years, according to data compiled by exechange.

Diebold Nixdorf will undertake a search for a successor.

The position of chief executive officer is currently not filled. For the time being, Andy Mattes’ responsibilities are redistributed.

The Office of the Chief Executive will be led by Christopher A. Chapman, senior vice president and chief financial officer, and Juergen Wunram, senior vice president and chief operating officer, until a permanent successor has been named. Chapman and Wunram will serve as Interim Co-Presidents and Co-CEOs of the company in the Office of the Chief Executive.

“Enhance its focus on the new era of global connected commerce”

A reason for Mattes’ sudden departure from the CEO post was not explicitly given. Gary G. Greenfield, who as previously announced will become Chairman of the Board on January 1, 2018, 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.”

Precise information about Mattes’ future plans was not immediately available.

“Stepping down”

Diebold Nixdorf said: “Andreas “Andy” W. Mattes is stepping down from his position as president and chief executive officer (CEO) effective immediately.”

Share price decline

The change follows a decline in the share price of Diebold Nixdorf, Incorporated since February 2017.

Chaired by Henry D.G. Wallace

Diebold Nixdorf, Incorporated is chaired by Henry D.G. Wallace.

Henry D.G. Wallace was elected to Diebold’s board of directors in 2003, and was appointed as Chairman of the Board in January, 2013.

In the position of CEO since 2013

Andreas Walter Mattes has been the Chief Executive Officer of Diebold Nixdorf, Incorporated since June 6, 2013 and has been its President since April 26, 2017.

He was Senior Vice President, Global Strategic Partnerships, Violin Memory (a computer storage systems company) from 2011-2013, and was Senior Vice President and General Manager of Enterprise Services for the Americas, Hewlett-Packard Co. (a computer technologies company) from 2008-2011.

Read the full story in the exechange report 51.2017 ($).