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Diebold's Michael Hillock to retire

16 June 2006  |  2698 views  |  0 Source: Diebold

Diebold, Incorporated (NYSE:DBD) today announced that Michael Hillock, president of the company's international operations, has elected to retire, effective Dec. 31, 2006.

After serving the company for nearly 30 years, the past five years in his current position, Hillock has decided to retire to pursue personal interests.

Diebold serves its international customers through four international operations led by divisional vice presidents located in Asia-Pacific, Europe- Middle East-Africa (EMEA), Latin America and Brazil. The company does not plan to immediately replace Hillock.

Thomas W. Swidarski, Diebold president and chief executive officer, said that during Hillock's long and distinguished career with the company, he was instrumental in developing Diebold's strong international presence. "We are grateful to Mike for his years of service to Diebold and for his leadership of our international operations, and we wish him well in his future endeavors," he said. "During his tenure, Diebold has grown from a U.S.-based company with multinational distribution to a global operation with a presence in nearly 90 countries around the world."

Swidarski continued, "Moving forward, we will continue to refine the structure of our international organization to best serve the customers in each of our key regions. We are fortunate to have a strong international leadership team with deep talent and skills on which to build."

Hillock began his tenure at Diebold in 1979 as an account manager in the Chicago office, where he held a variety of sales and management positions. He left Chicago for Hong Kong, where he served as the managing director of Diebold's Asia-Pacific operation. In 1988, he returned to the United States when he was named a division vice president based in Somerset, N.J. After another international assignment in London as vice president and general manager of sales and service for Diebold's EMEA region, he served as senior vice president of international sales and service. He was tapped for his current post in 2001.

"I'm proud of the progress we've made during my tenure with Diebold. After being appointed to lead our direct international sales efforts in 1998, we were able to grow our international revenue from approximately $300 million in 1998 to more than $1 billion in 2005," Hillock said. "Our international operation is thriving, with strong leaders and a solid plan for continued growth. I am confident that the international management team will continue to leverage the talent and skills of our global associates to best meet the needs of our customers in every region of the world."

A native of Indianapolis, Ind., Hillock is a member of the Manufacturers Alliance for Productivity and Innovation, Inc. He earned a bachelor's degree in psychology with a minor in business from Ball State University in Muncie, Ind.

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