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TheStreet Open House

Diebold Promotes Ganapathi To Vice President And Managing Director, South Asia

Stocks in this article: DBD

NORTH CANTON, Ohio, June 4, 2013 /PRNewswire/ -- Diebold, Incorporated (NYSE: DBD) today announced Karthik Ganapathi has been named vice president and managing director of the company's South Asia region, which includes India, Bangladesh, Sri Lanka and Nepal. Reporting to Wico van Genderen, Diebold vice president, Asia Pacific, his focus will be to continue to develop Diebold's service organization in India while leveraging the company's innovation in products, managed services and security solutions for long-term growth in the region.  Prior to this position, Ganapathi served as vice-president, corporate strategic planning and development.

(Logo: http://photos.prnewswire.com/prnh/20080725/DIEBOLDLOGO )

"Karthik's expertise and experience with strategic planning and development, as well as his in-depth knowledge and understanding of the market, will enable him to drive long-term growth in India and South Asia," said Wico van Genderen, Diebold vice president, Asia Pacific. " India is a high-priority market for Diebold, where we expect rapid expansion of financial self-services led by the government's financial inclusion initiatives along with increasing demand for improved services from bank customers.  All of this activity positions this region to become one of the fastest growing self-service markets in the world, and Karthik is ideally qualified to lead our efforts."

Ganapathi holds a master's degree in business administration from the University of Chicago in Chicago, Ill., a master's of science degree in material science from the University of Missouri, and a bachelor's degree in materials engineering from the National Institute of Technology in India.Diebold is the world's leading automated teller machine (ATM), security and services provider, employing more than 1,500 associates in the South Asia region.  In India, Diebold has a country-wide service infrastructure supporting more than 220 locations, one of the world's largest ATM managed services centers, and has made key investments such as a global research and development center located in Mumbai, a global shared services center in Hyderabad and a manufacturing operation in Goa.

With these strategic investments in India over the last 20 years, Diebold is well positioned to meet increasing demand for innovative solutions and dependable services. Specifically, the recent introduction of the Diebold D429, the world's first intelligent-powered ATM, is a demonstration of Diebold's ability to deliver unique solutions to meet the growing demand for the expansion of banking services in India.      

About Diebold Diebold, Incorporated is a global leader in providing integrated self-service delivery and security systems and services. Diebold employs approximately 16,000 associates with representation in nearly 90 countries worldwide and is headquartered in the Canton, Ohio area, USA. Diebold is publicly traded on the New York Stock Exchange under the symbol 'DBD.' For more information, visit the company's website at www.diebold.com or follow the company on Twitter: http://twitter.com/DieboldInc.

SOURCE Diebold, Incorporated

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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