Diebold Gets a CEO

North Canton, Ohio-based Diebold has a new CEO.

On Thursday, the manufacturer of "ATM" machines announced it has named Andy W. Mattes as the company's new president and chief executive officer. Mattes was chosen after a four-month search, and plucked from a position as senior vice president for global strategic partnerships at flash memory maker Violin Memory. He is keeping an advisory role at Violin, even as he takes over the top job at Diebold.

In an SEC filing simultaneous with the announcement, Diebold advised that it will be paying Mattes an annual base salary of "at least" $775,000, plus $500,000 worth of the Company's common shares, and an annual incentive bonus of an unspecified amount.


No mention of Mattes' relationship with, or compensation by, Violin Memory is mentioned in his employment agreement.

The article Diebold Gets a CEO originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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