IBM veteran James J. Kavanaugh will take over as
Kavanaugh replaces Martin J. Schroeter, who’s served as
CFO given 2014. Schroeter will take on the role as SVP of
Both role changes went into outcome Thursday, according
to the filing.
IBM just sensitively promoted maestro James J. Kavanaugh to the role
of arch financial officer,
according to a form filed with the Securities and
Exchange Commission on Thursday.
Kavanaugh, who served as comparison clamp boss of transformation
and operations, replaces Martin J. Schroeter, who had served as
CFO given 2014. Schroeter will take on the role of comparison vice
boss of global markets.
The change went into outcome on Thursday. Both Kavanaugh and
Schroeter will lead IBM’s arriving gain report on Jan 18,
according to the filing.
“It’s very common for IBM to make comparison executive changes
at the start of the year, so this is not out of the standard in
that sense,” an
IBM orator told Reuters, confirming the move.
Kavanaugh first assimilated IBM from ATT in 1996, and has held a
series of opposite executive roles since.
His many new role focused on “enabling IBM’s mutation to
a information driven cognitive enterprise,” according
to his company profile. At IBM, “cognitive” refers to
the company’s work in synthetic comprehension and machine
learning, including its Jeopardy-winning
mechanism complement Watson. Kavanaugh focused on using cognitive
analytics for inner mutation at the company.
Katy Huberty of Morgan Stanley wrote in an researcher note that she
views the transition as coming “from a position of
“Interestingly, Martin’s new role is a identical position current
CEO, Ginni Rometty, held before she succeeded Sam Palmisano as
CEO,” Huberty wrote. “We don’t trust the company would make
this change if the financial arena tied to the
mutation into a cognitive-led, cloud delivered company
wasn’t on track.”
Wamsi Mohan, researcher at Bank of America Merrill Lynch, was
“We design the transition to be seamless and perspective the timing as
inline with standard comparison IBM executive changes at the beginning
of the year,” Mohan wrote.
News of the transition comes
just hours after a report that IBM plans to lay off 30% of
the staff in its mechanism service delivery business, which would
impact around 3,090 jobs. IBM has not so distant commented on the
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