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Diebold elects O'Dell as chairman
NORTH CANTON -- Diebold's Board of Directors on April 19 elected Walden W. O'Dell as chairman of the board. He takes over the position from Robert W. Mahoney, who is retiring as Diebold's chairman. O'Dell will serve as chairman in addition to his duties as president and CEO. Among the highlights of Mahoney's 15 years at Diebold were the company's $1 billion revenue milestone in 1996, development of Diebold's own international distribution channels and the company's shift from a hardware-intensive business to a services and software-based business. "I am very excited to assume this responsibility and build upon the solid foundation that Bob Mahoney has placed during his tenure at Diebold," O'Dell said. "Under Bob's leadership, Diebold has had many accomplishments, and I intend to continue moving ahead by making the company the global leader in self-service hardware, software and services." During the company's annual meeting, the board declared the second-quarter cash dividend, a 15.5 cents per share cash dividend on all common shares to be paid June 2 to shareholders of record at the close of business on May 12. The board also re-elected company officers, and Diebold shareholders re-elected the Board of Directors.
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