Diebold Gets a CEO


North Canton, Ohio-based Diebold has a new CEO.

On Thursday, the manufacturer of "ATM" machines announced it has named Andy W. Mattes as the company's new president and chief executive officer. Mattes was chosen after a four-month search, and plucked from a position as senior vice president for global strategic partnerships at flash memory maker Violin Memory. He is keeping an advisory role at Violin, even as he takes over the top job at Diebold.

In an SEC filing simultaneous with the announcement, Diebold advised that it will be paying Mattes an annual base salary of "at least" $775,000, plus $500,000 worth of the Company's common shares, and an annual incentive bonus of an unspecified amount.

No mention of Mattes' relationship with, or compensation by, Violin Memory is mentioned in his employment agreement.

The article Diebold Gets a CEO originally appeared on Fool.com.

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