Diebold Chief O’Dell Steps Down
The resignation of Diebold Inc. Chief Executive Walden W. O’Dell was cheered on by Wall Street Tuesday as a move seen giving the company a fresh start from leadership marred by controversy.
O’Dell stepped down late Monday as head of one of the nation’s largest producers of automated teller machines. Analysts who follow Diebold described its former leader as having challenged relations with investors, and are optimistic that style will change now that Chief Operating Officer Thomas W. Swidarski will take the helm.
The company was thrust into the center of controversy during the 2004 presidential election campaign, after O’Dell wrote in a Republican Party fundraising letter that he was “committed to helping Ohio deliver its electoral votes to the president next year.” The Canton, Ohio-based company is among the nation’s biggest suppliers of paperless, touch-screen voting machines.
Source: Business Week.
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