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Diebold Nixdorf exec to exit under cost cutting initiative

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July 19, 2022

The departure of Ulrich Näher, Diebold Nixdorf Inc.'s chief commercial officer, is part of a shift to a leaner business model, a spokesperson for the company said Friday, according to a Marketwatch report.

The company disclosed in a regulatory filing that Näher will be leaving effective Sept. 30 and will receive severance payments assuming certain conditions are met.

Company executives in May said it is implementing a $150 million cost-reduction program over 12 to 18 months to eliminate redundancies.