Diebold Nixdorf Names Former GE Executive Timko as Next CFO

Dow Jones04-26

By Paul Ziobro

Diebold Nixdorf named former General Electric executive Thomas Timko as its next chief financial officer, effective May 17.

He will succeed Jim Barna, who will assist Timko with the transition and will become executive vice president of transformation at the company.

Timko, age 55, most recently served as global chief accounting officer and controller at GE, where he supported the split-up of the industrial conglomerate into three standalone companies. Prior to that, Timko served as chief accounting officer and controller at General Motors and as vice president and chief accounting officer at Applied Materials.

According to a securities filing, Timko will receive a $600,000 signing bonus and start with a base salary of $685,000. For 2024, he will be issued awards under the company's long-term incentive plan valued at $2.1 million, including restricted stock units and performance-based cash awards.

Diebold Nixdorf, which makes financial technologies such as point-of-sale terminals and automated teller machines, emerged from Chapter 11 bankruptcy proceeding in August after completing a financial restructuring.

Write to Paul Ziobro at paul.ziobro@wsj.com

(END) Dow Jones Newswires

April 25, 2024 17:05 ET (21:05 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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