US: Bush Pal O'Dell Resigns As Diebold CEO, Chairman

I just love the title of this one. :)

US: Bush Pal O'Dell Resigns As Diebold CEO, Chairman

Associated Press
December 12th, 2005

Diebold Inc., a maker of automatic teller machines, said Monday that Chairman and Chief Executive Walden W. O'Dell has resigned "for personal reasons."

The company named President and Chief Operating Officer Thomas W. Swidarski to the additional role of chief executive and named him a member of the board. In addition, the board elected John N. Lauer, who has been a director since 1992, as non-executive chairman.

Diebold reiterated its outlook for the fourth quarter for earnings between 50 cents and 60 cents per share, including restructuring charges of 13 cents. Full-year earnings are still expected to range from $1.70 to $1.80 per share, including 30 cents in restructuring charges, 8 cents in manufacturing start-up costs and a one-time gain of 18 cents.

Analysts project fourth-quarter profit, excluding certain items, of 64 cents per share and full-year income of $1.91 per share.

Link: http://www.corpwatch.org/article.php?id=12873

Diebold chairman/CEO quits under pressure from board

Created: 12/12/2005 5:14:05 PM
Updated:12/12/2005 5:14:21 PM


NORTH CANTON -- The chairman and CEO of North Canton's Diebold Corporation, whose voting machine systems came under fire from critics during last year's election, quit Monday.

The company says the resignation of Walden O'Dell was initiated by the board of directors. The company says the board felt the resignation for personal reasons was in the best interests of all parties.

President Thomas Swidarski has been named CEO. Director John Lauer has been elected non-executive chairman of the board.

© 2005

The Associated Press

Link: http://www.wkyc.com/akron/akron_article.aspx?storyid=44630