Diebold overhauls IT function

Diebold last week reported a 76% decline in fourth quarter earnings, hurt by restructuring charges and efforts to regain its equilibrium after the resignation of its chief executive.

Under the latest overhaul, Jim Petit, who was promoted to vice president, business transformation, will provide leadership for the global supply chain management and "opportunity-to-customer satisfaction" project, which aims to shorten lead times between customer order and customer payment, improve demand planning, forecasting and simplify product offerings and configurations.

Diebold has also made several leadership appointments and operational changes within its Global IT organisation including enterprise applications, Oracle program office, global information management, business intelligence and information security.

Announcing the changes, John Crowther, vice president, chief information officer, says: "Effective re-alignment of our business transformation and global information technology groups will focus our efforts to rebuild profitability."