Heidrick & Struggles Lands New CEO for Diebold Nixdorf

Heidrick & Struggles Gerrard Schmid CEO Diebold Nixdorf

March 7, 2018 – Heidrick & Struggles has placed former D+H Corp. executive Gerrard Schmid as the new president and CEO of Diebold Nixdorf. He replaces Andreas W. Mattes, who recently stepped down. Mr. Schmid is a seasoned corporate executive with previous public-company CEO experience and a track record of delivering value in a transforming environment.

He has more than 20 years of leadership experience in banking, payments and financial technology. As CEO, Mr. Schmid led the transformation of D+H Corp., a $1.7 billion leading global fintech company that was publicly traded on the Toronto Stock Exchange prior to being merged with Misys. Under his leadership, the company evolved from a Canadian leader in payments to a global leader in real-time payments and lending software.

Prior to D+H, Mr. Schmid managed a $3 billion retail banking business at Lloyds TSB in the U.K. He was also executive vice president and chief operating officer for retail banking at CIBC, one of the “Big Five” Canadian banks.

“Gerrard is an established, world-class leader with the right experience to enhance our customer relationships, lead a cohesive world-class team and sharpen our focus on unlocking growth opportunities across the company,” said Gary G. Greenfield, Diebold Nixdorf non-executive chairman of the board. “He understands both the needs of customers, as well as the extent to which technology is evolving the consumer experience in banking and retail.”

Mr. Schmid said he was excited to join Diebold Nixdorf. “The company’s rich history, global leadership position and broad customer base, provide fertile ground to drive opportunities in the financial and retail industries,” he said.

Headquartered in North Canton, OH, Diebold Nixdorf is a global leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. As an innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, the company has a presence in more than 130 countries with about 24,000 employees worldwide.

Global Recruiters

Heidrick’s global CEO & board practice advises companies on succession planning, talent management, board effectiveness and culture shaping, and also places directors and CEOs at leading private and public companies. It offers an integrated suite of services, from the acquisition of talent to longer-term succession planning, board dynamics and culture shaping. Bonnie Gwin and Jeff Sanders serve as co-managing partners of the firm’s practice group covering this area.

Heidrick recently completed or has been retained to search for a number of high-profile senior leaders for client companies. Here’s the latest roundup from the Hunt Scanlon Media archives:

Just recently, Heidrick placed Jan Zijderveld, president of Unilever’s European business, as the new CEO for Avon Products, the struggling beauty products company. He replaces Sheri McCoy, who announced her retirement last summer in the wake of continued losses and harsh criticism from investors.

Heidrick was selected by the Ohio Business Roundtable to lead in its search for a new president. Richard A. Stoff, who was a founder of the Roundtable and its only president in its 25-year history, is retiring at the end of the year. The organization conducts research and drives debate in a range of policy areas that participating CEOs have identified as economic priorities for Ohio.

Mondelez International, known for brands like Oreo cookies, Trident gum and Ritz crackers, appointed Dirk Van de Put as its new president and CEO. The company enlisted Heidrick & Struggles to fill its top post. With revenues declining in recent years, activist investors had been vocal in their dissatisfaction with longtime CEO and chairman Irene Rosenfeld.

Bob Goldberg was named chief executive officer of the National Association of Realtors (NAR). The organization turned to Heidrick to find its new leader. After an extensive national search, the organization turned to an internal candidate. Mr. Goldberg succeeds Dale Stinton, who is retiring after 36 years at NAR, including 12 as CEO.

Restaurant franchisor Ruby Tuesday named Jim Hyatt, former CEO of Church’s Chicken, as its new president and CEO. Heidrick conducted a seven-month search to replace James J. “JJ” Buettgen, who resigned last September. Mr. Hyatt brings four decades of restaurant industry experience to Ruby Tuesday.

Heidrick placed Linda A. Livingstone, Ph.D., as the first female president of Baylor University. She became the school’s 15th leader. Past president, Kenneth Starr, resigned following a sexual assault scandal. Dr. Livingstone previously served as dean and professor of management at The George Washington University School of Business.

Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Will Schatz, Managing Editor – Hunt Scanlon Media

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