Diebold CFO Gregory Geswein resigns

Source: Diebold

Diebold, Incorporated (NYSE: DBD) today announced that Gregory Geswein, senior vice president and chief financial officer has resigned, effective August 12, 2005.

After serving as CFO for more than five years, Geswein is leaving the company to become CFO of The Reynolds and Reynolds Company (NYSE: REY), based near Dayton, Ohio. Kevin J. Krakora, vice president and corporate controller, has been named interim CFO until a successor is identified. Diebold will be conducting an internal and external search for a successor.

"Greg's leadership has been instrumental to the company's success over the past five years. This is a voluntary decision on Greg's part, and we wish him well in his future endeavors. He will be missed," said Walden W. O'Dell, chairman and chief executive officer. "During his tenure, Greg built a very capable financial team, which will ensure a smooth transition as we search for a successor."

Prior to joining Diebold as CFO in April 2000, Geswein spent a year with Agilysys (formerly Pioneer-Standard Electronics) in Cleveland, Ohio as CFO and 13 years with Mead Corporation in Dayton, Ohio. Originally from Ironton, Ohio, Geswein earned a bachelor's degree in Business Administration and an MBA, from the University of Cincinnati.

"While I am very proud to have been a part of Diebold's transformation over the past five years, I am looking forward to returning to my roots in Southwest Ohio," said Geswein. "This affords me a unique opportunity to be closer to my family in that area."

Krakora was senior vice president and chief financial officer at TelTek, Inc. in Atlanta, prior to joining Diebold in 2001. His other previous experience includes vice president, controller with Alumax Inc.; vice president and controller of the Customer Service and Support Division at Emerson Electric Co. in Columbus, Ohio; and various positions at Price Waterhouse in Cleveland. He received a master's degree in business administration from Case Western Reserve University in Cleveland, and a bachelor's degree from Columbia University in New York City.

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