An IBM veteran, Schroeter was chief financial officer from 2014 to 2017 and also served as senior vice president of global markets, before leaving the company in June 2020. In 1993 we posted what at the time was the biggest loss in the history of corporate America, $8 billion. This includes the Chief Information Office, the Global Chief Data Office, Enterprise Operations & Services and Real Estate Operations. IBM recently ended a monumental year in the storied company's more than century-long history, and financials released Tuesday showed an industry-changing acquisition has begun to … Former CEOs                  Board of Directors, Senior Vice President and Chief Financial Officer. CFO Network. On what IBM CEO Arvind Krishna described as “a landmark day for our company,” Big Blue revealed plans for the largest spin-off in its history—one that will create a new channel giant. Kavanaugh replaces Martin J. Schroeter, who's served as CFO since 2014. The following is a chronological list of people who have served as chief executive officer of IBM, an American multinational technology and consulting firm headquartered in Armonk, New York. IBM - International Business Machines Corporation is a multinational technology and consulting organization. The latest closing stock price for IBM as of January 21, 2021 is 131.65.. Sales missed analysts forecasts in the fourth straight back-to-back quarterly drop. Simon J. Beaumont, Vice President, Tax and Treasurer. Since its opening in 1967, the Toronto lab has grown to over 2500 employees, making it the largest IBM software lab in Canada and IBM's third largest worldwide. Asset Types Releases Video Audio Photos Documents Contacts Events Standard Basic Search. ; The Tabulating Machine Company was the first manufacturer of punch card based data processing machines. Schroeter will assume the new role on Jan. 15. Black History Month; IBM's Masters of Invention; Smarter Strategies; Executive Biographies . PHOENIX, June 14, 2004 (08:15 PDT) - The tough-talking, but not so quick on delivery [1], IBM CFO, Jerry York, resigned from the company today to join Kirk Kerkorian, a wealthy Las Vegas-based investor who has been trying to take over Chrysler. CIO Network . IBM Launches New Innovative Capabilities for Watson. Schroeter will take on the role as SVP of global markets. IBM’s announcement earlier this week that Rometty will succeed Sam Palmisano as CEO is notable for how non-controversial it was given some other industry successions of late. Mr. Kavanaugh joined IBM in 1996 from AT&T Corporation, where he was the chief financial officer, Americas Global Services. "IBM Names Virginia Rometty as First Female CEO", "IBM's new CEO takes over today — here's his plan", Criminal Reduction Utilising Statistical History, https://en.wikipedia.org/w/index.php?title=List_of_IBM_CEOs&oldid=952029742, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 20 April 2020, at 06:25. Howard Boville, Senior Vice President, IBM Cloud. May 5, 2004 10:24 a.m. PT. Before that, he held various finance leadership positions, responsible for covering all strategic and operational financial management, which included the vice president of finance for: IBM's Sales and Distribution worldwide, IBM's Americas Group covering the United States, Canada and Latin America and IBM EMEA, located in Paris, France overseeing 124 countries. Prior to this role, Mr. Kavanaugh was IBM's Controller from May 2008 until January 2015. Historical daily share price chart and data for IBM since 1962 adjusted for splits. IBM have a history of promoting executives from within. Analysts had expected total revenue of $20.67 billion. Disclosing new details of a tailspin it has not been able to arrest, IBM said Tuesday that it lost $5 billion in 1992, more than any U.S. company has ever lost in a single year. Topic: Discussion on development of ERM initiatives within Organizations By: Robert Torok, Executive Consultant with IBM Business Global Services. Robert leads IBM’s SOX compliance support services for clients globally and is a leader in Business Risk Management practices. This index of IBM biographies includes our senior executives and former CEOs. The company’s revenue was down almost 5% year-over-year, with every business segment down or flat, but the company said that cloud revenue growth accelerated in the quarter and was up 10% over the last 12 months at $19.5 billion. Mr. Kavanaugh, as CFO, continues to oversee Transformation & Operations for IBM. Prior to this role, Mr. Kavanaugh was IBM's Controller from May 2008 until January 2015. In this capacity, Mr. Kavanaugh was responsible for redesigning IBM’s operating model to align with fundamental market shifts, and driving new ways of working while incorporating speed and agility through the enterprise. Herman Hollerith started building the machines as early … IBM's $5 Billion Loss Highest in American Corporate History By John Burgess The Washington Post. From. IBM will list its unit, which provides technical support for 4,600 clients in 115 countries, as a separate company with a new name by the end of 2021. In the past ten years, IBM's total return has been just 40%. Arvind Krishna, Chairman and Chief Executive Officer. (Founder Thomas J. Watson and son combined to lead the company from 1914 to 1971.) Arvind Krishna. He also oversees the IBM Global Financing business. This index of IBM biographies includes our senior executives and former CEOs. Salaries at IBM Canada Ltd. range from an average of C$54,476 to C$126,703 a year. Search Search Titles Only. Ed Frauenheim. Even though its roots go back to 1911, it has only had 10 CEOs in its history… To. CMO Network. Mr. Kavanaugh was appointed to this position in January 2018. The Ratings Game IBM stocks heads for one of its worst days in Big Blue’s long history as a public company Last Updated: Jan. 22, 2021 at 12:32 p.m. The stock plunged 10 percent on Friday following disappointing results that cast doubt on the tech company's turnaround efforts. IBM vs. S&P 500 | YCharts. Ginni Rometty is retiring after almost 40 years at IBM and will be succeeded as CEO by Arvind Krishna, who heads the company’s cloud and cognitive-software division. IBM is headquartered in Armonk, New York, US. First announced in July 2017, Adobe had said to stop updating and distributing Flash Player after December 31, 2020 due to the diminished usage of the.. Virginia “Ginni” Rometti is the ninth CEO in IBM’s 100-year history. Gary Cohn, Vice Chairman of IBM. IBM Canada Ltd. pays its employees an average of C$81,770 a year. James J. Kavanaugh is responsible for leading IBM’s worldwide financial operations. Former CEOs Board of Directors. IBM shifts CFO, head of services. Robert F. Del Bene, Vice President and Controller IBM juggles positions in its executive suite after its top sales exec leaves to go to Siebel Systems. Having its genesis in US, IBM is now one of the leading technology organizations all over the globe. The roots of IBM date back to the 1880s, tracing from four predecessor companies: The Bundy Manufacturing Company was the first manufacturer of time clocks.The company was founded in 1889 by Harlow Bundy in Binghamton, New York. The 2010 IBM Global CFO Study – involving more than 1,900 CFOs and senior Finance leaders worldwide – provides the largest window into the CFO mindset during the worst economic downturn in decades. International Business Machines Corp said on Wednesday Chief Executive Officer Arvind Krishna would take over as chairman from Jan. 1, replacing Ginni … IBM has the ideal combination of deep technical knowledge, theoretical understanding and pragmatic finance experience to partner with you … IBM veteran James J. Kavanaugh will take over as CFO. He was previously senior vice president, Transformation & Operations, a position he held since January 2015 where he was responsible for enabling IBM’s transformation to a data driven cognitive enterprise. Mr. Kavanaugh, as CFO, continues to oversee Transformation & Operations for IBM. Keywords Go. CFO of Nortech Systems Inc (30-Year Financial, Insider Trades) Christopher Dean Jones (insider trades) bought 14,636 shares of NSYS on 12/28/2020 at an average price of $6.23 a share. Shares of IBM were down sharply in midday trading after the company reported mixed earnings results Tuesday. IBM reported Thursday that revenue declined 6% to $20.37 billion, the sharpest dip in five years. IBM has a long history of underperformance. Sales fell across all five of IBM’s business segments, with cloud and cognitive software, which includes recent acquisition Red Hat, dropping 5% to $6.84 billion. The company was hurt by a sales decline in its software unit, as clients shied away from longer-term deals due to economic uncertainties brought … Michelle H. Browdy, Senior Vice President, Legal and Regulatory Affairs, and General Counsel. The company has now revenue fall in all but four of the past 34 quarters. Just ask a CFO. The CFO looking to undertake a holistic transformation programme across her/his business needs to consider a broad number of topics: ... we hope you are as excited as we are about the opportunities facing the CFO at this vital point in business history. Advanced Search. Discover historical prices for IBM stock on Yahoo Finance. He earned his Master of Business Administration from The Ohio State University. Chief Financial Officer. The following is a chronological list of people who have served as chief executive officer of IBM, an American multinational technology and consulting firm headquartered in Armonk, New York. View daily, weekly or monthly format back to when International Business Machines stock was issued. This includes the Chief Information Office, the Global Chief Data Office, Enterprise Operations & Services and Real Estate Operations. The oldest of the Canadian software labs - situated in Toronto - is the only facility in North America to house development for all five major software brands for IBM. Surprisingly, cost reduction was not at the top of their agenda. Generally speaking, as far as management goes, IBM has been a fairly conservative and cautious company. James M. Whitehurst, President. International Business Machines Corporation provides integrated solutions and services worldwide. It's a tough day for IBM investors. Like Krishna, and his predecessor Ginni Rometty, the role of CEO has often gone to company veterans that have held a … He reports directly to IBM's Chief Executive Officer, Arvind Krishna. The all-time high IBM stock closing price was 215.80 on March 14, 2013.; The IBM 52-week high stock price is 157.44, which is 19.6% above the current share price. As CFO, he oversees accounting and controllership, financial planning and analysis, tax, internal audit, investor relations, corporate development and treasury. Business Risk Management practices Thomas J. Watson and son combined to lead the company from 1914 to 1971 ). Since 2014 now revenue fall in all but four of the leading technology Organizations all over the globe of America. On the tech company 's turnaround efforts former CEOs head of Services the sharpest in! 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