NORTH CANTON, Ohio Diebold on Thursday said its chief executive and president, Thomas Swidarski, resigned under pressure from the board amid poor financial performance.
His resignation was announced Thursday along with fourth quarter results after a series of disappointments that have frustrated investors.
The ATM maker posted a fourth quarter loss from continuing operations of 12 cents per share, and income from continuing operations (a non-GAAP measure) of 45 cents per share.
Swidarski worked at Diebold for 17 years. He was named Diebold’s president and chief operating officer in October 2005. In December of that year he succeeded Walden O’Dell, who resigned after six years as the CEO in the face of similar financial struggles.