Diebold Nixdorf announces Octavio Marquez as President and CEO
The executive move is meant to replace current CEO Gerrard Schmid, who is leaving.
Diebold Nixdorf has appointed Octavio Marquez as president and chief executive officer after having joined the company in January 2014 and having held multiple leadership roles throughout the years.
Most recently executive vice president of Global Banking, Octavio Marquez was responsible for delivering 70% of the company’s revenues leading the company’s Global Banking teams.
There, the mission is to automate, digitize and transform the way people bank, and he drove the company’s banking strategy globally, including Professional and Managed Services.
Octavio Marquez to replace Gerrard Schmid
Diebold Nixdorf considered internal and external candidates, but went with Octavio Marquez, who prior to the company, was managing director for the Mexico operations for EMC, a global leader in IT management and cloud computing, and held several leadership roles at Hewlett Packard, including president of HP Mexico.
The executive move is meant to replace current CEO Gerrard Schmid, who is leaving but will remain a member of the board of directors until his current term expires at the 2022 Annual Shareholder Meeting. He will serve as an advisor to the company to help ensure a seamless transition.
Gary Greenfield, non-executive chairman of the board at Diebold Nixdorf, said: “Diebold Nixdorf has made significant strategic and operational progress during Gerrard’s tenure as CEO. Under his leadership the company has grown profitability, gained market share through launching market-leading products, strengthened our leadership bench, entered new markets and successfully executed on a broad-based cost and efficiency program. I want to thank Gerrard for his leadership and contributions to the company.
“Selecting the CEO and ensuring that appropriate leadership development and succession practices are in place are among the most important roles of a Board. Diebold Nixdorf has a strong leadership team, and the board has identified a leader that will help the company continue its trajectory as a world leader in enabling connected commerce. Octavio is a superb customer-oriented leader and has been integral in driving Diebold Nixdorf’s strategic, operational and financial progress. He is uniquely positioned to lead an exciting path ahead for Diebold Nixdorf.”
Marquez, upcoming President and CEO of Diebold Nixdorf, said: “I am honored to have the opportunity to lead Diebold Nixdorf as we see a growing need for automation and self-service in our retail and banking markets. I look forward to working with our talented team to continue innovation, driving profitable growth in areas like Retail, Electric Vehicle Services, Payments and Managed Services, while optimizing performance in our core business through a disciplined focus on cost management. I look forward to creating opportunities for our employees and generating value for our customers and shareholders.”
Gerrard Schmid, outgoing CEO of Diebold Nixdorf, added: “I have been privileged to represent Diebold Nixdorf as CEO alongside the best team in the business. The company has made enormous progress, meeting the rapid and significant changes taking place in our industries. I am proud of all we have accomplished together through such a critical time of the company’s growth and development. The company is well positioned for future success, and I look forward to partnering with Octavio and the team to support his smooth transition into the CEO role.”