Diebold shakes things up

Manufacturing News, Source : TheManufacturer.com
Published : 21 Sep 2005 21:27

Diebold announced changes among its top executives as part of a sweeping reorganization today.

Effective immediately, Walden W. O’Dell, Diebold chairman and chief executive officer, is assuming the role of president and chief operating officer and taking direct responsibility for the company's global operations. Eric C. Evans, president and chief operating officer, is leaving the company and has resigned from its board of directors.

In addition, a new financial self-service business unit, combining product and software development, manufacturing, procurement, and marketing, will be formed into a single global organization. The new business unit will be headed by Thomas W. Swidarski, who assumes the title of senior vice president, financial self-service group.

“Our recent financial performance has been unacceptable, and these organizational changes are a major step toward improving our direction,” said O’Dell. “Given the current challenging environment, I am assuming direct responsibility of the company's operations, and I am personally committed to taking immediate action to improve our performance.”

Diebold provides integrated self-service delivery, security systems, and services, and also manufactures voting machines. It employs more than 14,000 associates with representation in nearly 90 countries worldwide. Diebold reported revenue of $2.4 billion in 2004.

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