IBM has appointed its former chief financial officer, Martin Schroeter, as the boss of its newly separated infrastructure business.
Schroeter will be initially tasked with oversing the formation of the 'NewCo' unit, following the company's decision to spin off its managed infrastructure services business in October.
Following the appointment of Arvind Krishna, and 2019's Red Hat acquisition, IBM will now focus its attention on the cloud market, with its new business, which has still yet to be named, focusing on the management and modernisation of global IT infrastructure.
"Martin is a world-class leader and is uniquely qualified to drive the long-term success of the new, independent company," said Krishna. "Martin has the strategic vision and business judgement to realise 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."
IBM have a history of promoting executives from within. Like Krishna, and his predecessor Ginni Rometty, the role of CEO has often gone to company veterans that have held a number of positions over a period of decades.
Schroeter, who joined in 1992, is returning to the company having left in June 2020. Before his departure, he held a number of executive roles in sales and marketing, most notably CFO of the company.
-
Should AI PCs be part of your next hardware refresh?AI PCs are fast becoming a business staple and a surefire way to future-proof your business
-
Westcon-Comstor and Vectra AI launch brace of new channel initiativesNews Westcon-Comstor and Vectra AI have announced the launch of two new channel growth initiatives focused on the managed security service provider (MSSP) space and AWS Marketplace.
-
How to empower employees to accelerate emissions reductionin depth With ICT accounting for as much as 3% of global carbon emissions, the same as aviation, the industry needs to increase emissions reduction
-
Worldwide IT spending to grow 4.3% in 2023, with no significant AI impactNews Spending patterns have changed as companies take an inward focus
-
Report: Female tech workers disproportionately affected by industry layoffsNews Layoffs continue to strike companies throughout the tech industry, with data showing females in both the UK and US are bearing the brunt of them more so than males
-
How can small businesses cope with inflation?Tutorial With high inflation increasing the cost of doing business, how can small businesses weather the storm?
-
How to deal with inflation while undergoing digital transformationIn-depth How can organizations stave off inflation while attempting to grow by digitally transforming their businesses?
-
How businesses can use technology to fight inflation
TUTORIAL While technology can’t provide all the answers to fight rising inflation, it can help ease the pain on businesses in the long term
-
Embattled WANdisco to cut 30% of workforce amid fraud scandalNews The layoffs follow the shock resignation of the company’s CEO and CFO in early April
-
Some Tech Nation programs could continue after Founders Forum acquisitionNews The acquisition brings to a close a months-long saga over what the future holds for Tech Nation initiatives
