Diebold Promotes Mayes to Executive Vice President, Global Operations

NORTH CANTON, Ohio, April 30 /PRNewswire-FirstCall/ -- Diebold, Incorporated has promoted George S. Mayes, Jr., to executive vice president, global operations. In this new role, Mayes will be responsible for maximizing efficiency, quality and customer delivery throughout the company's global operational footprint. In addition to his current responsibilities in leading Diebold's worldwide manufacturing and supply chain operations, Mayes will assume responsibility for the company's global IT, hardware and software quality assurance, and key elements of financial self-service development. He will focus on driving lean practices into the company's day-to-day processes across its global operations, and will be accountable for improving the efficiency and execution of all customer-facing systems within Diebold's worldwide value chain. Mayes will continue reporting to Thomas W. Swidarski, Diebold president and chief executive officer.

Among the key initiatives upon which Mayes and his leadership team will be focused are:

  -- Improving customer delivery and time-to-market
  -- Aligning and simplifying "end to end" workflow processes and reducing
     costs
  -- Improving asset management and manufacturing capacity utilization
  -- Developing and leveraging an integrated, global IT environment to gain
     efficiencies
  -- Initiating a product rationalization/simplification program to improve
     margins, reduce the cash conversion cycle and improve inventory
     turnover.

"Since joining Diebold, George has used his expertise to help drive quality and cost improvements throughout our worldwide manufacturing operations and he has delivered results," said Swidarski. "George is uniquely qualified to drive improvements and greater efficiencies throughout our multinational enterprise, as evidenced by our ability to meet our goals associated with our three-year, $100 million cost-reduction initiative. This new role provides the structural foundation to allow him to lead the effort to generate an additional $100 million in savings, with approximately $70 million to be realized over the next 18 to 24 months, while improving our responsiveness to customers and increasing profitability."

Mayes joined Diebold as vice president, global manufacturing, in January 2005. He most recently served as senior vice president, global manufacturing and supply chain. Mayes came to the company from Tinnerman Palnut Engineered Products, LLC, where he served as chief operating officer and a member of its board of directors. Prior to Tinnerman, Mayes was employed at Stanley Works as vice president of operations for Stanley fastening systems. He has extensive experience in lean manufacturing and Six Sigma processes and has managed plants in Canada, Mexico, China, Poland, Italy, Brazil, France, Hungary, India and the United States.

Mayes began his manufacturing career at General Motors where he spent 15 years in manufacturing, quality and engineering. During this period, he served as director of manufacturing, Mexico, for Delphi operations; and director, operations, for Delphi Thermal division in Buffalo, N.Y.

Prior to his professional manufacturing career, Mayes held the rank of Captain in the United States Army from 1983-1985, and holds a bachelor's degree in engineering from the United States Military Academy at West Point.

Forward Looking Statements

In this press release, statements that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. These forward-looking statements relate to, among other things, the company's future operating performance, including the results of the company's cost-savings initiatives. The use of the words "will," "anticipates," "expects," "intends" and similar expressions is intended to identify forward-looking statements. Although the Company believes that these forward-looking statements are based upon reasonable assumptions, these forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to the company's ability to reduce costs and expenses and improve internal operating efficiencies, including the optimization of the company's manufacturing capacity, and the company's ability to achieve benefits from its cost-reduction initiatives and other strategic changes.

About Diebold

Diebold, Incorporated is a global leader in providing integrated self-service delivery and security systems and services. Diebold employs more than 17,000 associates with representation in nearly 90 countries worldwide and is headquartered in Canton, Ohio, USA. Diebold is publicly traded on the New York Stock Exchange under the symbol 'DBD.' For more information, visit the company's Web site at http://www.diebold.com/ .