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Diebold names new CFO

February 27, 2002

ORTH CANTON -- Gregory T. Geswein, 45, has been named Diebold Incorporated's senior vice president and chief financial officer.

Geswein was most recently senior vice president and CFO at Pioneer-Standard Electronics Inc. in Cleveland, Ohio. Pioneer-Standard, a $2 billion distributor of electronic components and mid-range computer systems, was recently named number three on the PC Week Fast-Track 500 list for its aggressive implementation of e-commerce, business extranets and Web technologies.

According to Diebold, Geswein is noted for his expertise in global acquisitions, including absorbing acquired organizations into existing financial processes and systems. Diebold recently acquired Brazilian ATM manufacturer Procomp Amazonia Industria Electronica, S.A and the financial self-service of Groupe Bull.

"We've been expanding significantly and simultaneously in numerous international markets in recent years and need a CFO with experience not only in the global technology industry, but also in integrating diverse acquisitions with existing corporate systems and processes," said Walden W. O'Dell, president and CEO.

Prior to his tenure at Pioneer-Standard, Geswein spent 13 years at Mead Corporation of Dayton, Ohio, a $4 billion international paper products manufacturer, in a variety of senior financial posts, including vice president and corporate controller and corporate treasurer.

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Diebold Nixdorf

As a global technology leader and innovative services provider, Diebold Nixdorf delivers the solutions that enable financial institutions to improve efficiencies, protect assets and better serve consumers.

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