Diebold Nixdorf Names Raj Singh as Chief Information Officer

Diebold Nixdorf (NYSE: DBD) appointed Raj Singh as executive vice president and chief information officer, succeeding retiring CIO Teresa Ostapower.

Rhea-AI Summary

Diebold Nixdorf (NYSE: DBD) appointed Raj Singh as executive vice president and chief information officer, succeeding retiring CIO Teresa Ostapower. Singh will report to president and CEO Octavio Marquez.

He brings nearly 30 years of global technology and digital transformation experience, including AI, cloud, ERP, cybersecurity and analytics leadership across financial, automotive and energy sectors.

Positive

• Experienced CIO hire with nearly 30 years in global technology and digital transformation
• Background in generative AI, scalable cloud, modern ERP and process optimization to support IT strategy
• Proven leadership in cybersecurity, infrastructure modernization and analytics to enhance decision-making

Negative

• Retirement of CIO Teresa Ostapower creates a leadership transition in IT operations

Argus May 18 session

-0.85% close to close Open Argus

Details

News Market Reaction – DBD

In the May 18 session, DBD declined 0.85%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights a senior leadership transition, with Raj Singh bringing nearly 30 years...

Analysis

This announcement highlights a senior leadership transition, with Raj Singh bringing nearly 30 years of technology and digital transformation experience to Diebold Nixdorf. It follows a series of recent milestones, including revenue growth, stronger free cash flow and a new BB- credit rating with a stable outlook. Investors may focus on how Singh’s background in AI, cloud, ERP and cybersecurity supports ongoing platform modernization, operational efficiency, and the execution of the company’s existing financial and strategic guidance.

Key Figures

Industry experience: nearly 30 years Prior CIO tenure: since 2021

Industry experience

nearly 30 years

Global technology and digital transformation roles across multiple sectors

Prior CIO tenure

since 2021

Teresa Ostapower’s service as Diebold Nixdorf CIO before retirement

Historical Context

5 past events · Latest: May 05

5 events

1. May 05

   Customer expansion deal

   24h Move

   +1.2%

   VyStar expands to over 200 upgraded DN Series ATMs with advanced features.

2. May 01

   Third-party company launch

   24h Move

   +1.4%

   Knoa Pharma begins operations as a public health–focused pharmaceutical company.

3. Apr 30

   Q1 2026 earnings

   24h Move

   -7.4%

   Revenue up 6% YoY, EPS and free cash flow higher, 2026 outlook reaffirmed.

4. Apr 23

   Credit rating update

   24h Move

   +1.4%

   Fitch assigns first-time BB- rating with stable outlook, citing execution and cash flow.

5. Apr 10

   Index inclusion

   24h Move

   +0.3%

   Added to S&P SmallCap 600 index, reflecting liquidity and viability criteria.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

generative artificial intelligence, ai, cloud, erp systems, +3 more

7 terms

generative artificial intelligence technical

"He will leverage his expertise in delivering generative artificial intelligence (AI), scalable cloud..."

Generative artificial intelligence is a type of computer system that learns patterns from large datasets and produces new content—text, images, audio, designs, or code—rather than just sorting or summarizing existing information, like a virtual apprentice that invents drafts based on what it has seen. Investors pay attention because it can lower costs, speed product development, create new revenue streams and competitive advantages, while also introducing risks around accuracy, intellectual property and regulation that can affect valuation.

ai technical

"delivering generative artificial intelligence (AI), scalable cloud and modern ERP systems..."

Artificial intelligence (AI) is technology that enables machines to mimic human thinking and learning, allowing them to analyze information, recognize patterns, and make decisions. For investors, AI matters because it can improve how businesses operate, create new products, or identify opportunities faster and more accurately than humans alone, potentially impacting company success and market trends.

cloud technical

"delivering generative artificial intelligence (AI), scalable cloud and modern ERP systems..."

A cloud is a network of remote computers and storage that companies rent over the internet instead of owning and running it themselves, like using a shared utility or leased warehouse for computing and data. Investors care because cloud services can lower upfront costs, allow faster growth or scale back during slow times, create steady subscription revenue, and concentrate operational or security risks that affect profitability and valuation.

erp systems technical

"scalable cloud and modern ERP systems, and process optimization to consistently improve performance..."

ERP systems are integrated software platforms that help organizations manage and coordinate their core business activities, such as finance, supply chain, human resources, and operations, in one unified system. They enable smooth information flow across departments, improving efficiency and decision-making. For investors, ERP systems indicate how well a company manages its resources and operations, which can impact its overall performance and profitability.

cybersecurity technical

"leading the company's Information Technology (IT) and cybersecurity strategy."

Cybersecurity involves protecting computers, networks, and digital information from theft, damage, or unauthorized access. It is essential for safeguarding sensitive data and maintaining trust in digital systems, which matters to investors because strong cybersecurity reduces the risk of costly breaches and disruptions that can impact a company’s performance and reputation. Think of it as locking and safeguarding valuable information much like securing a safe to prevent theft.

digital transformation technical

"His experience includes leading SAP deployments, modernizing infrastructure, digital transformation..."

Digital transformation is the process of using digital technologies to fundamentally change how organizations operate, deliver value, and connect with customers. It often involves updating systems, automating tasks, and improving digital tools to increase efficiency and stay competitive. For investors, it signifies a company's ability to adapt to technological advances, which can impact its growth prospects and long-term success.

analytics programs technical

"and enabling analytics programs that allow faster, more informed decisions."

Analytics programs are software tools that collect and examine large amounts of business, market, or operational data to reveal patterns, trends, and forecasts. They matter to investors because they help companies spot revenue opportunities, cut costs, manage risk and measure performance—much like a GPS or dashboard that turns raw numbers into clear directions for smarter decisions and better use of capital.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Singh will lead the company's global IT operations, replacing Teresa Ostapower, who is retiring

NORTH CANTON, Ohio, May 18, 2026 /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today announced that Raj Singh has joined the company as executive vice president, chief information officer (CIO). He replaces Teresa Ostapower, who is retiring after serving Diebold Nixdorf as CIO since 2021, and will report to Octavio Marquez, Diebold Nixdorf president and chief executive officer.

Singh brings nearly 30 years of global experience in technology and digital transformation across the financial, automotive and energy sectors to the company . He will leverage his expertise in delivering generative artificial intelligence (AI), scalable cloud and modern ERP systems, and process optimization to consistently improve performance and efficiency in leading the company's Information Technology (IT) and cybersecurity strategy. His experience includes leading SAP deployments, modernizing infrastructure, digital transformation, advancing enterprise cybersecurity and enabling analytics programs that allow faster, more informed decisions.

Most recently, Singh served as vice president and CIO at Visteon Corporation, leading the company's enterprise AI strategy, IT transformation, cloud strategy and cybersecurity programs. He previously held senior technology leadership roles at Ford Motor Company, DTE Energy, Horizon Global and Ally Financial.

Octavio Marquez, Diebold Nixdorf president and chief executive officer, said: "Raj is a proven global technology leader with deep experience modernizing complex environments, strengthening cybersecurity and delivering large-scale transformation. As we continue to execute our strategy, Raj's leadership will help us accelerate platform modernization, improve operational efficiency and advance our digital capabilities. I also want to thank Teresa Ostapower for her leadership and the lasting contributions she's made to strengthen our technology foundation and support our teams around the world. We're grateful for her service and wish her the very best in retirement."

About Diebold Nixdorf

Diebold Nixdorf, Incorporated (NYSE: DBD) automates, digitizes and transforms the way people bank and shop. As a leading global technology and services partner to many of the world's top financial institutions and retailers, our integrated solutions connect digital and physical channels for consumers conveniently, securely and efficiently. The company has a presence in more than 100 countries with approximately 20,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.

X: @DieboldNixdorf
LinkedIn: www.linkedin.com/company/diebold
Facebook: www.facebook.com/DieboldNixdorf
YouTube: www.youtube.com/dieboldnixdorf

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View original content to download multimedia:https://www.prnewswire.com/news-releases/diebold-nixdorf-names-raj-singh-as-chief-information-officer-302774229.html

SOURCE Diebold Nixdorf, Incorporated

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is the new CIO of Diebold Nixdorf (NYSE: DBD) as of May 18, 2026?

Raj Singh is the new chief information officer of Diebold Nixdorf. According to Diebold Nixdorf, he joins as executive vice president, CIO, bringing nearly 30 years of global technology and digital transformation experience across financial, automotive and energy sectors.

What responsibilities will Raj Singh have as CIO of Diebold Nixdorf (DBD)?

Raj Singh will lead Diebold Nixdorf’s global IT operations and cybersecurity strategy. According to Diebold Nixdorf, he is expected to leverage AI, scalable cloud, modern ERP systems and process optimization to improve performance, efficiency and the company’s broader information technology capabilities.

Who did Raj Singh replace as CIO at Diebold Nixdorf (DBD)?

Raj Singh replaces Teresa Ostapower as CIO of Diebold Nixdorf. According to Diebold Nixdorf, Ostapower is retiring after serving as CIO since 2021, having contributed to strengthening the company’s technology foundation and supporting teams worldwide during her tenure.

What prior experience does Raj Singh bring to Diebold Nixdorf (DBD)?

Raj Singh brings nearly 30 years of technology and digital transformation experience. According to Diebold Nixdorf, he previously served as vice president and CIO at Visteon and held senior technology leadership roles at Ford Motor Company, DTE Energy, Horizon Global and Ally Financial.

How does Raj Singh’s AI and cloud background support Diebold Nixdorf’s strategy (DBD)?

Raj Singh’s AI and cloud background aligns with Diebold Nixdorf’s modernization goals. According to Diebold Nixdorf, he has led enterprise AI strategy, IT transformation, cloud strategy and cybersecurity programs, which are expected to support platform modernization and operational efficiency initiatives.

To whom will Diebold Nixdorf CIO Raj Singh report (DBD)?

Raj Singh will report directly to president and chief executive officer Octavio Marquez. According to Diebold Nixdorf, his leadership is expected to help accelerate platform modernization, improve operational efficiency and advance the company’s digital capabilities as part of its ongoing strategic execution.