IBM just replaced its chief financial officer

Business Insider | 1/11/2018 | Becky Peterson
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IBM veteran James J. Kavanaugh will take over as CFO.

Kavanaugh replaces Martin J. Schroeter, who's served as CFO since 2014. Schroeter will take on the role as SVP of global markets.

Role - Changes - Effect - Thursday - Filing

Both role changes went into effect Thursday, according to the filing.

IBM just quietly promoted veteran James J. Kavanaugh to the role of chief financial officer, according to a form filed with the Securities and Exchange Commission on Thursday.

Kavanaugh - Vice - President - Transformation - Operations

Kavanaugh, who served as senior vice president of transformation and operations, replaces Martin J. Schroeter, who had served as CFO since 2014. Schroeter will take on the role of senior vice president of global markets.

The change went into effect on Thursday. Both Kavanaugh and Schroeter will lead IBM's upcoming earnings report on January 18, according to the filing.

IBM - Executive - Changes - Start - Year

“It’s very common for IBM to make senior executive changes at the start of the year, so this is not out of the ordinary in that sense,” an IBM spokesperson told Reuters, confirming the move.

Kavanaugh first joined IBM from AT&T in 1996, and has held a number of different executive roles since.

Role - IBM - Transformation - Data - Enterprise

His most recent role focused on "enabling IBM’s transformation to a data driven cognitive enterprise,"...
(Excerpt) Read more at: Business Insider
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