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A Culture of Team

DIEBOLD'S NEW TREASURER UNITES THE MANY DISCIPLINES HE OVERSEES UNDER TWO UMBRELLAS: STRATEGY AND ADMINISTRATION, BREAKING DOWN THE SILOS

By Beth Karlin | Updated on November 06, 2007

Loyalty runs high at Diebold Inc. When Tim McDannold, 45, took on the mantle of treasurer in addition to his vice president duties in July, he was a 19-year Diebold veteran. His predecessor, Bob Warren, now vice president of corporate development, had been with the $3 billion provider of automated bank equipment and electronic voting terminals for almost a quarter of a century. “The reason we stick around has everything to do with the culture, team atmosphere and learning opportunities–not because we pay more than other employers,” McDannold says.And he wants to preserve that loyalty. So when he embarked on a major restructuring that would change the responsibilities of many of the 175 employees he supervises, he not only assessed theirstrengths through observation, he consulted with each about their interests.

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