Change at the top for Diebold

Strange. Big day for executive notices today. In this case, it's Dennis Moriarty out at the top of Diebold's security division, and long-time Diebold man Bradley J. Stephenson in. Not sure if that link will work, so here's a few paragraphs:
NORTH CANTON, Ohio, March 16 /PRNewswire/ -- Diebold, Incorporated (NYSE: DBD) today announced leadership changes as part of an organizational realignment within its security division. Bradley J. Stephenson, vice president, physical security solutions, has been promoted to vice president of Diebold's security division with a focus on increasing the value of Diebold's security solutions to customers and accelerating market growth in the Americas. He is now responsible for the company's enterprise security and fire services operations, government solutions group, monitoring services, security research and development, product management and security marketing and business development functions. Dennis M. Moriarty, senior vice president, global security division, is leaving the company to pursue other opportunities.
This is one of those times when corporate titles make my head hurt (actually, my head hurts anyway - thanks flu!): vice president, physical security solutions, has been promoted to vice president of Diebold's security division. So he got promoted from vice president to vice president! Congrats, Brad!
"This change is designed to drive efficiencies through defined business processes, targeted geographic focus and organizational optimization," said Thomas W. Swidarski, Diebold president and chief executive officer. "We have an enormous amount of confidence in Brad Stephenson's ability to deliver results in his new responsibilities," Swidarski continued. "His wealth of experience in running various businesses within Diebold across a number of different industries will prove to be valuable in this broadened leadership role."
Does drive efficiencies in this case just mean eliminate corporate overhead?
Swidarski added, "During the time Dennis Moriarty led our security division, he expanded our security offerings and raised the visibility of the company in the industry and with influential decision makers in emerging markets. We thank Dennis for his contributions to our company and wish him well in his future endeavors."
I've spoken with Dennis a few times. I'd think he'd be a good hire for a growing integrator looking to make a splash.
Stephenson has been with Diebold for more than 35 years, serving in a variety of senior management and technical positions including general manager of card systems, fire services and Nexus Software. Stephenson led the company's electronic security division from 1996 to 1999, developing security products to meet the needs of financial services and retail clients. Prior to moving to the security division's corporate headquarters in 1995, Stephenson had more than 20 years of experience in various customer-facing roles.
So, not exactly bringing in a young gun to shake things up.
Moriarty was appointed vice president of Diebold's global security division in 2005. He joined Diebold in 1996 as Eastern Division vice president, where he led the sales, service and systems organizations. He also served as vice president of Customer Business Solutions within Diebold North America. Prior to joining Diebold, Moriarty served in senior leadership positions at Pitney Bowes Corporation in Stamford, Conn. A native of Stamford, N.Y., Moriarty holds a bachelor's degree in English from Iona College in New Rochelle, N.Y.
Hello! BA in English from Iona? I knew I liked him. Who says an English degree gets you nowhere. I mean, just right here, we've got a VP at Diebold and, you know, a guy who blogs about the physical security industry. Buck up, recent grads! (I'd like to apologize for all the exclamation points - I'm feeling a little punchy.)