NORTH CANTON, Ohio, June 6, 2013 /PRNewswire/ -- Diebold, Incorporated (NYSE: DBD) today announced its board of directors has named Andy W. Mattes as the company's new president and chief executive officer. Mattes was also named a board director, and will assume his leadership role with the company effective immediately. In addition, Henry D.G. Wallace, Diebold executive chairman of the board, will assume the non-executive chairman role effective August 15.
Mattes, 52, has a strong record of driving growth and improving profitability in large, global businesses. He has more than 25 years of experience in the information technology and telecommunications industries – primarily with Hewlett-Packard Co. (HP) and Siemens AG. Mattes most recently was senior vice president, global strategic partnerships at Violin Memory, a manufacturer of flash memory computer storage systems. He will remain with Violin in an advisory role.
"We are very pleased to have Andy on board to lead Diebold as we work to transform the company to one driven by software and services-oriented technology," said Wallace. "He is an experienced leader with a proven track record of generating sustainable, profitable growth through effective execution and strategic leadership -- particularly in a global software and services environment. He has the right combination of knowledge and experience at the major corporate level to lead our company during this period of swift change in the industries we serve." Mattes was chosen as CEO following a four-month nationwide search led by executive search firm, Korn/Ferry International."I am excited to join Diebold and lead the company at such a critical time," Mattes said. "Diebold has a tremendous history with a strong global brand and a solid services and technology foundation from which to grow. The company has taken a number of significant steps to help rejuvenate its business, and I look forward to continuing this work as well as implementing new approaches to strengthen our profile as a technology and service leader. The board of directors and I are committed to improving our performance and creating greater value for all our customers and stakeholders."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts