Quantcast

Diebold CEO Pushed Out Amid Disappointing Results

JAN 24, 2013 12:46pm ET
Print
Email
Reprints

Some of the first Diebold customers placed in those new data centers — one of which is located directly on Verizon's fiber optic network in the Lone Star State — went live in September.

Also in September, Diebold acquired Gas Tecnologia, a Brazilian internet banking, online payment and mobile banking security company that protects nearly 70% of the country's internet banking transactions. But this has not turned out as hoped.

“We continue to see ongoing activity delays in the Brazil business,” the company said in a press release announcing its preliminary fourth quarter earnings.

Diebold's executive chairman of the board of directors, Henry D.G. Wallace, will assume regular oversight of the company until a new CEO is hired. He's a former group vice president and chief financial officer of automaker Ford.

The company also said that it has promoted George S. Mayes, Jr. to its newly created position of chief operating officer. He was previously an executive vice president in charge of global operations at the company.

Swidarski was not made available to comment for this story.

Diebold will report its end-of-year results on Feb. 12.

JOIN THE DISCUSSION

SEE MORE IN

RELATED TAGS

 

 
7 Ways Prepaid Is Transforming the Payments World
There's no turning back — prepaid cards have left a permanent mark on banks, card networks, alternative payment providers and more. Some might consider that mark to be a scarlet letter, but many now wear it as a badge of honor.

(Image: Thinkstock)
Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
You must be registered to post a comment.
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
DAILY ENEWSLETTER UPDATE

A Newsletter featuring Bank Technology News' top stories plus special reports and data

This feature displays payments industry news and analysis from American Banker sibling brand PaymentsSource. Registration is required; for more information contact customer service.

TWITTER
FACEBOOK
LINKEDIN
Already a subscriber? Log in here
Please note you must now log in with your email address and password.