IBM appoints CEO to run $19B managed services spin-off
Martin Schroeter assumes control of Managed Infrastructure Services division
Martin Schroeter (IBM) Credit: IBM
IBM has appointed Martin Schroeter as CEO of NewCo, the multibillion-dollar managed services business expected to be officially spun-off by the end of 2021.
Effective 15 January, Schroeter is tasked with shaping the go-to-market strategy of Big Blue’s Managed Infrastructure Services division, which will focus on the management and modernisation of IT infrastructure across the world.
The new-look business houses approximately 90,000 employees with more than 4600 clients spanning 115 countries - including over 75 per cent of the
Fortune 100 - and a backlog of $60 billion in orders, which is more than twice the scale of nearest competitors such as Accenture, Fujitsu and Huawei.