Diebold names Frank A. Natoli Jr. as vice president and chief technology officer

Diebold Inc. announced that it has named Frank A. Natoli Jr. as vice president and chief technology officer (CTO), leading the company's product solutions development function.

In this newly created role, Natoli will be responsible for leading the technology and engineering development group in creating product solutions that are synchronized with customers' evolving business needs, according to a company release. He will also lead the team in supporting Diebold's growing services business by improving reliability, and aligning an emerging technology roadmap with Diebold's corporate strategies.

Natoli previously served as Diebold's vice president of operational excellence and vice president of business transformation, respectively. Prior to joining the company in 2005, he spent 23 years in the automotive industry in engineering, manufacturing and operations roles.

"As a company, we recognize the importance of increasing customer loyalty by focusing on product innovation, reliability, capability and flexibility to support our customers and build our brand," said Thomas W. Swidarski, Diebold's president and CEO. "The goal for our development organization is to improve and accelerate development processes while reducing our costs throughout the lifecycle of our solutions. I am confident that Frank's extensive industry expertise, leadership experience and energetic approach provide the right combination to drive this critical function."