Martin Schroeter to lead IBM’s new managed infra services business
IBM confirms the appointment of Martin Schroeter as chief executive officer of its soon to be formed NewCo.
The independent company will be created following the separation of IBM's managed infrastructure services business, effective as of 15 January 2021.
Specifically, NewCo will focus on the management and modernisation of IT infrastructure in every industry globally and the separation is expected to occur by the end of 2021.
"Martin is a world-class leader and is uniquely qualified to drive the long-term success of the new, independent company," said Arvind Krishna, chairman and CEO of IBM.
"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 realise 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."
Prior to this appointment, Schroeter served as IBM's senior vice president of global markets, before leaving IBM in June 2020. Prior to that he was IBM's chief financial officer and has held a number of other executive roles at the company.
His time as IBM's senior vice president of global markets between December 2017 and April 2020, saw him lead IBM's global sales, client relationships and satisfaction and worldwide geographic operations.
During this time, he also oversaw IBM's marketing and communications functions and was responsible for building the company's brand and reputation globally.
In addition, Schroeter served as IBM's CFO from 2014 to 2017, and prior to that, served as general manager of IBM Global Financing, where he managed a total asset base in excess of $37 billion.
At the start of his IBM career, Schroeter served in numerous roles in Japan, the US and Australia.
"NewCo is a trusted partner to the world's most global enterprises with a team that has the best skills and experience in the industry," Schroeter said.
"I look forward to developing a diverse ecosystem of partnerships and alliances, to continuing a deep relationship with IBM, and to the creation of market leading capabilities."