North Canton, Ohio-based Diebold Nixdorf, an IT services company that serves the Texas banking industry, has announced the appointment of Thomas Timko as executive vice president and chief financial officer. He is responsible for the company’s financial strategies, including optimizing Diebold Nixdorf’s global financial systems and driving alignment strategy to its economic performance. He will also oversee corporate finance, treasury, strategy, financial planning and analysis, tax accounting, investor relations, risk management and shared services. Timko succeeds CFO Jim Barna, who will assist Timko in an orderly transition and become executive vice president/transformation.
‘Tom is an accomplished financial leader who has a deep background across a number of key financial disciplines and has worked across major global industries, helping guide the financial strategies of leading publicly traded companies,” notes Octavio Marquez, president and chief executive officer. “He brings a proven track with more than 30 years of experience operating in highly complex environments while delivering financial and operational discipline, and transformational leadership. I also want to thank Jim for his leadership as CFO as we undertook major actions to restructure our debt and emerge as a financially stronger company.”
For almost six years, Timko has served as global chief accounting officer and controller at GE, for which he led a large global team and served as a key strategic advisor to the executive team, most recently supporting the successful transformation of the 130-year-old multinational corporation into three stand-alone, fit-for-purpose companies. Prior to GE, Timko spent more than five years at General Motors as chief accounting officer and controller. During this time, he partnered with GM’s CEO to implement a Global Strategic Risk Management Program, led the Global Business Solutions function with more than 2,500 service team members, and managed the disposition of GM’s $19 billion European business.
Earlier in his career, Timko served in a variety of leadership positions, including vice president and CAO at Applied Materials, for which he oversaw financial planning and analysis, and managed the financial due diligence for a $5 billion acquisition. He also previously served as a chartered accountant and controller at Delphi Corp., supporting its emergence from bankruptcy.
Diebold Nixdorf Inc. has a presence in more than 100 countries with approximately 21,000 employees worldwide.
