ARMONK, N.Y., Jan. 7, 2021 /PRNewswire/ -- IBM (NYSE:
IBM) today announced the appointment of Martin Schroeter as Chief Executive Officer of
the independent company that will be created following the
separation of IBM's Managed Infrastructure Services business
("NewCo"), effective January 15. NewCo will focus on the
management and modernization of IT infrastructure in every industry
around the world. The previously announced separation is
expected to occur by the end of 2021.
Mr. Schroeter served as IBM's Senior Vice President, Global
Markets, where he was responsible for IBM's global sales, client
relationships and satisfaction, and worldwide geographic
operations, before leaving IBM in June
2020. Prior to that he was IBM's Chief Financial Officer and
has held a number of other executive roles at the company.
"Martin is a world-class leader and is uniquely qualified to
drive the long-term success of the new, independent company," said
Arvind Krishna, Chairman and CEO of
IBM. "He has a deep understanding of the industry and has earned
the trust of our clients and of the investor community.
Martin has the strategic vision and business judgement to realize
NewCo's enormous potential as the global leader in managed
infrastructure services. He is an inspiring, results-driven
executive and the right CEO to lead NewCo through the spin-off
process and beyond."
"NewCo is a trusted partner to the world's most global
enterprises with a team that has the best skills and experience in
the industry," Schroeter said. "I look forward to developing a
diverse ecosystem of partnerships and alliances, to continuing a
deep relationship with IBM, and to the creation of market leading
capabilities."
Mr. Schroeter served as IBM's Senior Vice President, Global
Markets between December 2017 and
April 2020. In that role, he had
responsibility for IBM's global sales, client relationships
and satisfaction and worldwide geographic operations. He also
oversaw IBM's marketing and communications functions and was
responsible for building the company's brand and reputation
globally. Mr. Schroeter was IBM's CFO from 2014 to 2017, and prior
to that, served as General Manager of IBM Global Financing, where
he managed a total asset base in excess of $37 billion. Earlier in his IBM tenure, Mr.
Schroeter served in numerous roles in Japan, the United
States and Australia. He joined IBM in 1992 after
earning his Master of Business Administration degree from
Carnegie Mellon University, and
received his undergraduate degree in Economics and Finance from
Temple University. He has dual
citizenship in the United States
and in Australia.
Contact:
Jonathan Adashek
jonathan.adashek@ibm.com
(914) 499-6606
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