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04 May 2004
Mark Loughridge has been promoted to chief financial officer, replacing John Joyce, who served as CFO since 1999 and has been made head of IBM's services division.
Loughridge, the new CFO had served as senior vice president for global financing since April 2002. Previously he served as vice president and controller, where he was responsible for worldwide finance and planning, accounting operations, and external reporting.
He joined IBM in 1977 as an engineer.
In January, IBM was embroiled in an accounting scandal after it received a 'Wells Notice' - a note warning of possible civil action - from the SEC in relation to an investigation of a customer of IBM's Retail Stores Solutions unit.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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