Diebold promotes Natoli to lead global R&D

Source: Diebold

Diebold, Incorporated (NYSE: DBD) today announced that Frank A. Natoli, Jr., has been promoted to executive vice president and chief innovation officer.

In this newly created role, Natoli is responsible for overseeing the activities of the new global research and development organization, including the oversight of collaboration amongst all of Diebold's global engineering, marketing, product management and technology groups. Additionally, he is responsible for leading the vision and future development of interconnected technologies and solutions, such as the world's first virtualized automated teller machine (ATM) prototype, which Diebold unveiled in August 2011.

"In order for us to continuously deliver on our commitment to bringing innovation to the industries we serve, it is important that we align ourselves in a way to ensure we succeed," said Thomas W. Swidarski, Diebold president and chief executive officer. "I am extremely confident that Frank's extensive industry expertise, leadership experience and energetic, forward-looking approach provide the right combination to drive this critical function."

Natoli most recently served as vice president, chief technology officer. In this role he oversaw and led the global development efforts and processes for Diebold's comprehensive suite of new ATM security products and deposit automation solutions that have diversified and differentiated Diebold's self-service portfolio. Prior to this role, he served as vice president, operational excellence, and vice president, business transformation.

Before joining Diebold in 2005, he spent 23 years in the automotive industry in engineering, manufacturing and operations roles. Natoli holds various lean and quality certificates from Delphi, the University of Michigan and Shainin, LLC. A native of McDonald, Ohio, Natoli received a bachelor's degree in mechanical engineering and a master's degree at Kettering University (formerly General Motors Institute and GMI Engineering Management Institute) in Flint, Mich.

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