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Another Top Executive Departs Diebold

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Diebold's board of directors has negotiated the departure of another high level executive, according to an SEC filing released Monday. Last week, the North Canton, Ohio, company's chief executive Thomas W. Swidarski stepped down from his positions as president and CEO and resigned from the company's board.

This week, Charles E. Ducey, Jr. has agreed to do the same. He was the executive vice president in charge of North American Operations. The region is Diebold's largest source of business, and Ducey was one of five executive vice presidents at Diebold.

"Chuck has served Diebold for 35 years, joining the company in 1978 and providing his knowledge and leadership in a variety of roles during his career here. We thank Chuck for his service and wish him all the best in his future endeavors," said George Mayes, Diebold's recently appointed chief operating officer, in an internal message to Diebold employees.

Ducey is leaving the company under the same cloud of disappointing results that precipitated Swidarski's departure.

The North Canton, Ohio, company posted a fourth-quarter loss from continuing operations of 12 cents a share, and income from continuing operations (a non-GAAP measure) of 45 cents a share.

In the wake of Ducey's departure, Mychal D. Kempt has been appointed to vice president in charge of North American Operations, Diebold said in the filing.

He joined the company in 1994 as a regional account manager. Most recently, Kempt was a vice president in charge of North American sales and service operations.

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