Thomas W. Swidarski Steps Down As President and Chief Executive Officer Of Diebold Inc

Diebold Inc announced that Thomas W. Swidarski, President and Chief Executive Officer (CEO), is stepping down from the Company and Board of Directors, effective immediately. In addition, George S. Mayes, Jr., executive vice president, global operations, has been promoted by the Board to the newly created position of Chief Operating Officer, reporting directly to Henry D.G. Wallace, Diebold Executive Chairman of the Board. Wallace will assume regular oversight of the Company until a new CEO is hired; Mayes will be responsible for daily operations. The search process for a new Chief Executive is currently underway.