Diebold announces Octavio Marquez was elected Chairman

Diebold Nixdorf announced that Octavio Marquez, president and CEO, was elected chair of the company’s Board of Directors, effective February 2. Marquez was appointed as Diebold Nixdorf president and CEO on March 11, 2022. The Board determined that combining the roles of CEO, president and chairman under one leader enhances the alignment between ongoing strategic and operational matters, including focus on deleveraging and evaluating strategic opportunities to deliver value to shareholders. Independent director Arthur Anton, previously chair of the company’s Finance Committee and former CEO of Swagelok, a global manufacturing company, was appointed as lead independent director of the Board. Gary Greenfield, who joined the Board in 2014 and has served as non-executive chairman since 2018, led the Diebold Nixdorf Board of Directors during a number of transformational developments, including the delivery of essential services and solutions to global financial institutions and retailers during the COVID-19 pandemic. He will not stand for re-election as a director at the company’s annual shareholder meeting in 2023. The Board also appointed Marjorie L. Bowen and Emanuel "Manny" Pearlman as directors of the company effective immediately. The Board also anticipates reducing the overall size of the Board at the upcoming annual shareholders’ meeting.