A former co-worker of Diebold’s new top executive has been hired as a senior vice president to direct the company’s turn around.
A former co-worker of Diebold’s new top executive will be joining the company as a vice president responsible for leading the business turnaround.
Stefan E. Merz moves into the job of senior vice president of strategic projects. He starts Thursday after leaving a post as vice president of sales strategy and operations for Hewlett-Packard Co.’s Enterprise Group, in Palo Alto, Calif.
While at Hewlett-Packard and before that with Siemens A.G., Merz at times worked with Andy W. Mattes, who joined Diebold in June as president and chief executive officer. Like Mattes, Merz is German.
Mattes said the company is pleased to have Merz join Diebold.
“His experience and collaborative approach to strategic planning is very relevant to our company’s needs at this point, and will be extremely influential in guiding Diebold’s future direction and help the company realize profitable growth,” Mattes said.
Company spokesman Mike Jacobsen said Merz, whose background is transformation management, will report to Mattes. His primary focus will be pushing the company’s turnaround efforts.
The position is a new one for Diebold, Jacobsen said. No one has been displaced because Merz was hired.
At Hewlett-Packard, Merz was responsible for planning and optimizing sales and field selling costs, compensation design and effectiveness, and sales productivity. He also oversaw major transformational initiatives.
Merz had similar duties with Siemens, eventually working as vice president of strategy and marketing. In that role he was responsible for defining enterprise services strategy and growth initiatives.
Before joining Diebold, Mattes worked with Hewlett-Packard in its Enterprise Group for five years. From 1985 through 2005, he worked with Siemens.
Merz is a native of Sindelfingen, Germany. He received a master’s degree in economics from the Universitat Hohenheim in Stuttgart, and a bachelor’s degree in marketing and finance from Baden-Wuerttemberg Cooperative State University in Stuttgart.