- Signs for push-out forces
- After less than one year on the job
- Laud, praise and thanks for Heidloff
- No successor named
(management-change.com) — North Canton, Ohio and Paderborn, Germany, February 16, 2017 — Eckard Heidloff, president of Diebold Nixdorf, leaves. It is a change at short notice. As announced by Diebold Nixdorf, Incorporated in a news release on Thursday, February 16, 2017, Eckard Heidloff, president, leaves the maker of bank teller machines in a surprising move after less than one year on the job, effective March 31, 2017.
Diebold Nixdorf did not name a replacement for the position of president.
The move is part of a management shake-up.
Juergen Wunram, senior vice president and chief integration officer, has been appointed chief operating officer (COO).
“Following the registration of the domination and profit and loss transfer agreement”
The imminent management change is explained as follows. Diebold Nixdorf said in a fairly blunt statement: “Following the registration of the domination and profit and loss transfer agreement … announced Feb. 14, Diebold Nixdorf, Incorporated … today announced two key, global leadership changes.”
Completing the agreement allows Diebold Nixdorf to accelerate efforts to integrate operations.
Plans for the companies to merge were announced late in 2015.
A public tender offer for Wincor Nixdorf shares ended in August, allowing integration efforts to begin.
Precise information about the future plans of Heidloff was not immediately available.
Share price rise since November 2016
The change follows a rise in the share price of Diebold Nixdorf, Incorporated since November 2016.
CEO: Andy Mattes
Andy W. Mattes serves as CEO of Diebold Nixdorf, Incorporated. Mattes, 53, has served as President and Chief Executive Officer for Diebold, Incorporated since June 2013.
On the job as president since 2016
Heidloff has been President of Diebold Nixdorf, Incorporated since August 18, 2016.
Heidloff currently serves as the president of the combined Diebold Nixdorf organization.
In this role, he is responsible for overseeing the global operations for the systems line of business, including supply chain, product development and management, engineering, procurement and manufacturing.
He is also responsible for overseeing the operations and growth in a number of regions.
Heidloff’s tenure with Wincor Nixdorf and its predecessor companies span more than thirty years.
Most recently, Heidloff served as the president and chief executive officer for Wincor Nixdorf AG, beginning in January 2007 where he was responsible for worldwide operations.
Prior to that in 2004, and following Wincor Nixdorf becoming the first large German private equity company to be floated on the Frankfurt stock exchange, Heidloff was appointed chief financial officer and chief operating officer.
He was responsible for spearheading the company’s expansion by bringing together investors and management to shape the company’s businesses.
Since joining Nixdorf Computer AG in 1983, he has held a series of leadership positions in both the retail and financial self-service businesses that have played a key role in shaping the company’s success over the years.
Heidloff has a Diplom Kaufmann in business administration from the University of Paderborn.
He currently resides in Paderborn, Germany.
Signs for push-out forces
It is not completely certain what forces eventually triggered Eckard Heidloff’s move.
The Push-out Score™ determined by management-change.com suggests that push-out forces may have contributed to the management change.
Read the full story in the management-change.com report 08.2017 ($).