IBM ropes in Martin Schroeter to head its new independent company
By MYBRANDBOOK
IBM Corp has appointed former Financial Chief Martin Schroeter to lead the independent company, NewCo that will be created after the separation of IBM’s Managed Infrastructure Services business. He will be the CEO of the new firm which will be effective from January 15.
The company will focus on the management and modernisation of IT infrastructure in every industry around the world. As per the company, the separation is expected take place by the end of 2021.
Schroeter has served IBM as Chief Financial Officer from 2014 to 2017 and also served as Senior Vice President of Global Markets, before leaving the company in June 2020. As a Senior Vice President, he was responsible for IBM’s global sales, client relationships and satisfaction, and worldwide geographic operations.
"Martin is a world-class leader and is uniquely qualified to drive the long-term success of the new, independent company. 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 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," said Chairman and CEO of IBM Arvind Krishna.
IBM’s new company, which will have 90,000 employees, will focus on the management and modernization of IT infrastructure across industries.
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