IBM appoints Martin Schroeter as CEO of NewCO, the independent company that will be created following the separation of IBM’s Managed Infrastructure Services business, effective January 15. The new company will focus on the management and modernization of IT infrastructure. The separation of IBM’s Managed Infrastructure Services business is expected to be completed by the end of 2021.
Managed Infrastructure Services
Prior to his new role, Martin Schroeter served as IBM’s Senior Vice President, Global Markets, where he was responsible for IBM’s global sales, client relationships and satisfaction, and worldwide geographic operations, before leaving IBM in June 2020.
Before that, he was the company’s Chief Financial Officer and has held a number of other executive roles at the company. Arvind Krishna, Chairman and CEO, IBM, said,
“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 realize 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.”