Diebold Nixdorf, a leading provider of automated, digitized, and transformative solutions for banking and retail industries, has announced the appointment of Thomas Timko as its new Executive Vice President and Chief Financial Officer (CFO), effective May 17, 2024. Timko will succeed Jim Barna, the current CFO, who will transition into the role of EVP, Transformation, assisting Timko in a smooth handover.
Timko brings over three decades of extensive experience in financial leadership roles across major global industries. His tenure at notable companies like GE and General Motors (GM) underscores his proficiency in navigating complex environments and driving strategic financial initiatives. Notably, during his six-year stint as global chief accounting officer (CAO) and controller at GE, Timko played a pivotal role in facilitating the company's transformation into three distinct entities, enhancing its operational efficiency and financial performance.
Prior to his tenure at GE, Timko served as CAO and controller at GM, where he spearheaded strategic risk management initiatives and oversaw key functions such as Global Business Solutions and asset disposition. His earlier roles at companies like Applied Materials and Delphi Corporation further enriched his leadership acumen, emphasizing financial planning and analysis, due diligence, and operational restructuring.
Octavio Marquez, President and CEO of Diebold Nixdorf, expressed confidence in Timko's appointment, citing his proven track record and transformative leadership qualities. Marquez lauded Timko's ability to drive financial and operational excellence, aligning with the company's strategic goals to enhance shareholder value and ensure long-term success.
In his new role, Timko will oversee a broad spectrum of financial functions, including corporate finance, treasury, strategy, financial planning and analysis, tax accounting, investor relations, risk management, and shared services. His mandate includes optimizing Diebold Nixdorf's global financial systems and fostering alignment between the company's strategy and financial performance.
Timko himself expressed enthusiasm about joining Diebold Nixdorf, emphasizing the company's innovative solutions and global footprint. He affirmed his commitment to leading the finance organization toward realizing the company's full potential and creating value for stakeholders.
Diebold Nixdorf, with a presence in over 100 countries and approximately 21,000 employees worldwide, stands as a trusted partner to the majority of the world's top financial institutions and global retailers. Through its integrated solutions, the company seamlessly connects digital and physical channels, enhancing convenience, security, and efficiency for millions of consumers daily.
The appointment of Timko underscores Diebold Nixdorf's commitment to fortifying its financial leadership and driving sustained growth in an evolving market landscape.
