Bradley Richardson
ATM maker Diebold Inc. has named a Wisconsin executive as its new chief financial officer.
Bradley Richardson, 51, is currently executive vice president, corporate strategy, and chief financial officer of the Modine Manufacturing Co. of Racine, Wisc., a $1.4 billion auto, heavy duty parts and specialty heating and air conditioning manufacturer with 32 facilities in 15 countries.
Diebold’s last chief financial officer, Kevin Krakora, stepped down on March 25 amid a U.S. Securities and Exchange Commission investigation into possible violations of federal securities laws. Diebold had to restate its financial reports for 2003 through 2006 after regulators questioned its methods for recording revenue.
The company also reported a third-quarter loss of $7.2 million, or 11 cents a share, compared to a $46.5 million profit in the same quarter of last year. It blamed the sluggish economy and the loss it took on the sale of its money-losing election machine business.
