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Economy and Business


Diebold's new CEO Andy Mattes face big cost cutting challenge
But the company says he also sees strengths in the $3 billion company, particularly in the security end of the Green-based business
by WKSU's M.L. SCHULTZE


Web Editor
M.L. Schultze
 
Diebold's new CEO Andy Mattes began work today, the same day his hiring was announced.
Courtesy of Diebold
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In The Region:

The troubled Diebold Corp. has found a new CEO and he started work today.

Andy Mattes is the successor to Tom Swidarski, who stepped down under pressure in January. Mattes will be taking over at a time when the company is trying to cut and restructure costs to the tune of $150 million. 

Diebold spokesman Mike Jacobson says Mattes experience as a corporate executive – including at  computer-maker Hewlett Packard -- recommended him strongly.

LISTEN: What recommended Mattes to Diebold

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“Particularly (his) depth of leadership at HP and Siemens, two Fortune 100 companies, deep experience in technology,

services and software, which, as we look to grow our company are going to be very important to us.” (as we look to move forward). 

Jacobson says Mattes is aware of Diebold’s struggles, but also sees its strengths.

LISTEN: What recommended Diebold to Mattes

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(0:17)

“We have a very strong brand. The markets that we serve are still very strong. We have a lot of technology properties here

Andy W. Mattes

  • Born in Nuremberg, Germany
  • Most recently served as senior vice president for Violin Memory, a flash memory storage system manufacturer
  • Was senior vice president of Hewlett-Packard until 2011
  • Spent 20 years with Siemens AG (1985-2005), including time as chief executive officer

that are of great value. Our security business … for right now is small, but the growth potential there is large.”

Mattes is 52 and was born and raised in Germany. He held management positions at Siemens for 20 years, including during the time when the conglomerate was involved in a massive bribery scandal. Jacobson says the Diebold board was aware of that controversy, but felt Mattes fully cooperated in the investigation and accounted for his role.

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