Diebold Incorporated today announced that Frank A. Natoli, Jr., has been promoted to executive vice president and chief innovation officer, according to a company press release.

In this newly created role, Natoli is responsible for overseeing the activities of the new global research and development organization, including the oversight of collaboration amongst all of Diebold's global engineering, marketing, product management and technology groups.

Additionally, he is responsible for leading the vision and future development of interconnected technologies and solutions, such as the virtualized automated teller machine prototype, which Diebold unveiled in August 2011.

"In order for us to continuously deliver on our commitment to bringing innovation to the industries we serve, it is important that we align ourselves in a way to ensure we succeed," said Thomas W. Swidarski, Diebold president and chief executive officer. "I am extremely confident that Frank's extensive industry expertise, leadership experience and energetic, forward-looking approach provide the right combination to drive this critical function."

Natoli most recently served as vice president, chief technology officer. In this role he oversaw and led the global development efforts and processes for Diebold's suite of ATM security products and deposit automation solutions. Prior to this role, he served as vice president, operational excellence, and vice president, business transformation.

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