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Diebold names former HP executive Mattes new CEO

NORTH CANTON, Ohio (AP) -- Diebold named a former executive for Siemans AG and Hewlett-Packard as its CEO Thursday in the midst of a revival effort for the automatic teller machine maker.

Andy Mattes, 52, most recently served as a senior vice president at Violin Memory, which makes flash memory computer storage systems. With HP, he was senior vice president and general manager for Enterprise Services for the Americas.

Mattes was born in Nuremberg, Germany, and spent most of his career with Siemans, the German industrial conglomerate.

Diebold's previous CEO, Thomas Swidarski, stepped down abruptly in January after 17 years at the company, including seven as CEO. Executive Chairman Henry Wallace, a former chief financial officer at Ford Motor Co., has led the company since then.

Swidarski left on the day that Diebold said it was taking a cautious outlook for 2013 and that it expected relatively flat adjusted earnings and revenue.

In April, Diebold, which also makes security systems and other equipment, reported a first quarter loss of $13.4 million and announced 700 job cuts. The company plans to cut overall costs by $100 million to $150 million by 2015.

The North Canton, Ohio, company said that Mattes will take over immediately.

Shares of Diebold Inc. have climbed about 3 percent so far this year after closing Wednesday at $31.66.