BusinessCompany NewsIBM appoints new finance chief

IBM appoints new finance chief

As part of a management reshuffle, global computer giant IBM has appointed a new chief financial officer.

Link: IBM staff in offshore outsourcing protest

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.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor