Kyndryl Holdings, Inc. is an American multinational information technology infrastructure services provider that designs, builds, manages and develops large-scale information systems. IBM (NYSE: IBM) announced today that its board of directors has approved the previously announced separation of Kyndryl, the company's managed infrastructure services business. Earlier, she led IR teams at Monster Worldwide, Motorola and Symbol Technologies. Mr. Harris also served as Vice President of Business Development for Raytheon Company during his tenure. in physics from MIT. Once distributed, each holder of IBM common stock will receive one share of Kyndryl common stock for every five shares of IBM common stock held on October 25, 2021, the record date for the distribution. Xerxes is also a member of the Board of Directors for the Markham Stouffville Hospital Network, and a is registered CPA. . Previously, he was responsible for the Solutions and Industry Business Development of IBM Services in DACH and served as Vice President of IBM Germany for the Global Business Services division from 2015 to 2016. Corporate Actions. She is a graduate of St. Thomas University in Miami, Florida with a degree in computer science and mathematics and earned her MBA in finance and financial management services from Howard University in Washington, D.C. Michael Bradshaw is Kyndryls Chief Information Officer. Dr. Jacksons extensive leadership and technology experience makes her a well-qualified member of our Board. Throughout his 27-year career with IBM, he has been a trusted partner to customers, aiding in strategic transformation to deliver innovation. Jana Schreuder, Ms. Schreuder is the former Executive Vice President and Chief Operating Officer for Northern Trust Corporation, a position from which she retired in 2018. Petra Goude is the leader of Kyndryl's Core Enterprise and zCloud practice. Its previously announced separation from IBM is expected to occur by the end of 2021. Kyndryl is led by an experienced management team and a Board of Directors comprised of 10 leaders who bring diverse perspectives and experiences spanning technology, financial services, government affairs, and academia. Mr. Ungerleider was appointed to our Board in connection with the Spin-Off from IBM. [4] [5] [6] It was created from the spin-off of IBM 's infrastructure services business. Global Practice Leader KYNDRYL HOLDINGS, INC. : Change in Directors or Principal Officers Strategy and Corporate Development, Kyndryl United States. He currently serves on the board of directors for Juniper Network (JNPR), Convergint Technologies, and Global Cloud Exchange. It is intended that, for United States federal income tax purposes, the distribution will be conducted in a tax-efficient manner for IBM stockholders in the United States. Vineet is a graduate of Manipal Institute of Technology, India, where he received a bachelors degree in chemical engineering. Mr. Hester was appointed to our Board in connection with the Spin-Off from IBM. He has spent most of his career working in IT services and supporting the transformation of companies. Kris holds U.S. and EU patents in areas around Risk Management, was named Consulting Magazine's "Top Woman Technology Leader" in 2020, and has served as a member of the World Economic Forum's cybersecurity committee. Kris comes to Kyndryl from EY, one of the world's leading professional services organizations, where she was the global consulting cybersecurity leader and responsible for the organization's multi-billion dollar security practice. In addition to his IBM experience, Nicolas spent two years as managing director of SAP France. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! Prior to joining Kyndryl, Petra led IBM Global Technology Services (GTS) in the Nordics. She is a Regent Emerita and former Vice-Chair of the Board of Regents of the Smithsonian Institution, a past president of the American Association for the Advancement of Sciences, and an honorary trustee of the Brookings Institution. Until June he was Chief Executive Officer for RSA Insurance Group and before that Chief Executive Officer of Royal Bank ofScotland. IBM (NYSE: IBM) announced today that its board of directors has approved the previously announced separation of Kyndryl, the companys managed infrastructure services business. Prior to joining Kyndryl, Cooper led IBM Global Technology Services in Canada, and also served as the Chief Financial Officer for IBM Canada, in addition to other senior leadership roles. *Learning Centers and Communities sponsored by CRN's Partners, Aruba, a Hewlett Packard Enterprise Company, AMD & Supermicro Performance Intensive Computing. Ms. Kugel is also trustee of the Hertie School of Governance in Germany, a member of the International Advisory Board of the IESE Business School in Spain and, the University Council of the Technical University of Munich. 2022 Annual Meeting of Stockholders | Kyndryl, Inc. Denis Machuel, Mr. Machuel is the Chief Executive Officer for Sodexo and a member of the multi stakeholder coalition dedicated to achieving the UN's Sustainable Development Goal on food waste. With a career spanning more than two decades, Salcido is passionate about how Kyndryl shows up for customers every day, helping them execute their priorities and achieve their business goals. Previously, he served as an Executive Vice President and global Chief Information Officer at State Street Corporation, where he served on State Street's management committee and was responsible for managing enterprise-wide technology, transformation and modernization operations in 27 countries. Vic Bhagat is Kyndryl's Senior Partner of the Advisory Practice. Since joining IBM in 2002 as part of the Price Waterhouse Coopers acquisition, Markus has held several executive positions with a strong focus on banking and insurance, as well as leadership roles in IBMs services business in local and European functions. 1 Vanderbilt Ave Fl 15, New York City, New York, 10017, United States. In his 30 year career at IBM,Stephen held a variety of global, regional, and country leadership roles overseeing business divestitures, acquisition integration and business turnarounds. Additionally, during the past five years, she served as a director of IBM. Merchant was appointed to our Board in connection with the Spin-Off from IBM. Stephen Leonard is Kyndryl's Global Alliances & Partnerships Leader where he is focused on building strong and enduring technology alliances that benefit clients, partners and Kyndryl. Martin is a dual citizen of the United States and Australia, and he is a member of Business Roundtable, The Business Council, and the Council on Foreign Relations. Before that, Farhaz was the Managing Director for Kyndryl in Canada, where he had responsibility for all go-to-market activities across Kyndryl's industry and practice teams. Paolo DeglInnocenti is the president of Kyndryl Italy. An open integration platform delivering IT solutions. Kyndryl Holdings, Inc. (2021 to present; Nominating & Corporate Governance Committee member) Previous public company directorships in last five years: . "A 90,000-person 'start-up' doesn't come along very often, and neither does the opportunity to establish what will be the world's largest customer-centric technology services company," said Mr. Hester. Committee Composition. A native of the Detroit area, Maryjo is a graduate of Catholic University in Washington, DC, and earned her MBA at the Southern Methodist University in Dallas. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. Todays announcement is a milestone for IBM, its employees and its shareholders as we enter a new era of growth, said Arvind Krishna, IBM chairman and chief executive officer. Stay updated on upcomingdevelopments and news from Kyndryl. Kyndryl's . She is a graduate of the University of North Carolina, the proud mother of two children and a certified fitness instructor. He is currently an independent director for easyJet and will assume the role as chairman of easyJet in December 2021. In addition to Mr. Schroeter and Mr. Hester, the Kyndryl board will be comprised of eight other leaders who bring diverse perspectives and business experience to the board. You belong at Kyndryl. For leisure, he enjoys running, tennis, and squash. Fri 2 Jun 2023 // 10:59 UTC. , . Its previously announced separation from IBM is expected to occur by the end of 2021. Mr. Harris serves as a board member for Cisco Systems Inc. and Flex Ltd. Ms. Schreuder is currently a New York City chapter member of the Global Strategy Committee of Women Corporate Directors, an organization of directors serving public and private boards globally. Mr. Caruso is a director of McKesson Corporation. Mr. Mr. Caruso was appointed to our Board in connection with the Spin-Off from IBM. Xerxes is a member of the Board of Directors for TECHNATION and most recently joined Junior Achievement Central Ontarios Board of Governors. Petra has an extensive background in Cloud, Software and Services. In this role, she worked closely with the companys Group President to define and shape transformation initiatives with oversight on how Kyndryl structures and manages its customer relationships, end to end. Ms. Schreuder was appointed to our Board in connection with the Spin-Off from IBM. She has held senior global marketing positions across IBM disciplines and business units, most notably strategic initiatives in Smarter Cities and Watson Customer Engagement, as well as leading teams in services, business analytics, and mobile and industry solutions. Empowering progress while modernizing and managing the worlds mission-critical systems and services. in physics fromMIT. Denis Machuel, Mr. Machuel is the Chief Executive Officer for Sodexo and a member of the multi-stakeholder coalition dedicated to achieving the UN's Sustainable Development Goal on food waste. She is known for her work with teams to leverage data, analytics and cloud technologies to build deeper engagements with customers and partners. Amy Salcido is the President for the US at Kyndryl, where she leads a team of experts who help organizations build strong, secure, resilient, and adaptive digital capabilities. He is the chairman for the Dow Company Foundation. Governance Documents. He previously served as co-chair of the U.S. Chamber of Commerce Global Initiative on Health and the Economy and is currently a director for McKesson Corporation. Lingu is an engineering graduate with a management degree. Shes an avid traveler and currently lives in New York City. Martin was IBMs Chief Financial Officer from 2014 to 2017 and previously served as General Manager of IBM Global Financing, where he managed a total asset base of more than $37 billion. Janina Kugel, Ms. Kugel is the former Chief Human Resources Officer and member of the Managing Board for Siemens AG, a role that included the oversight of the company's global human resources initiatives, including diversity, social innovation, environmental protection, health management, and safety. The business pro forma $2.01 billion net loss in 2020 represented an increase from 2019, when the reported net loss was $943 million, according to the Kyndryl filing. He has more than 20 years of experience in engineering, management consulting, finance and operations. While expanding the IBM business as leader of IBM France, he also was actively engaged in the "Tech For Good" initiative of French President Emmanuel Macron. In his most recent role at IBM, he served as General Manager of International Business and Strategy for Banco Santander. ], We are starting life as a clear leader in our business, with a world-class board of directors, an experienced management team, a strong balance sheet, a revenue base of $19 billion and a commitment to achieving sustainable margins, consistent cash flows and meaningful returns for stockholders, he said in the letter. Prior to joining State Street, Antoine was group Chief Operating Officer and CIO at the London Stock Exchange Group. IBM Board of Directors Approves Separation of Kyndryl | Nasdaq Previously, Leigh was Vice President of Intellectual Property, leading its patent and research licensing businesses, contributing nearly $500M in profit to IBM. Our focus is on mitigating the impacts of climate change by achieving net zero and reducing our environmental footprint. Earlier, Harsh was a management consultant with PriceWaterhouseCoopers. He is an avid marathon runner, and his interests include understanding cultural sensitivities. Core Enterprise and zCloud. She served as director of finance for IBM's Africa operations and was instrumental in expanding IBM's presence throughout Africa, serving more than four years as the CFO for IBM's pan-African business. Before joining Kyndryl, Una was the Global Director for Public Affairs and Senior Strategic Adviser at GE. KYNDRYL HOLDINGS, INC. : Change in Directors or Principal Officers IBM Board of Directors Approves Separation of Kyndryl Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. He sits on the board of governors for Temple University Hospital, serves on the Temple University Health System Audit Committee, and is also a member of the industry advisory group for the Institute for Business and Information Technology at Temples Fox School of Business. Leigh spent the previous 15 years in IBM Corporate Development leading both acquisition and divestiture transactions. He can be reached at wmillward@thechannelcompany.com. He also served on the IBM Italian Leadership Team as Vice President of Software, Italy, from 2011 to 2016, and led IBMs channel business in southwest Europe as Vice President, Business Partners, from 2007 to 2011. Kyndryl Inclusion Networks advocate for themselves, and in addition to fostering their own professional development, often become a valuable resource to the company by providing information about their identities, performing community outreach, opening new networks for recruiting, supporting business objectives, and serving as a visible sign of . investors@kyndryl.com press@kyndryl.com. Board of Directors | Kyndryl, Inc. Mr. Ungerleider has served as President and Chief Financial Officer of Dow Inc. since April 2019. Kyndryl can help you identify and secure state and federal funding to support your critical technology projects. Previously, Paul held various executive positions in engineering, network cost management, network operations, strategy, and alliances. While at Zucotto, Leigh raised $42M in 4 separate financings. Ten Leaders Named To Kyndryl Board Of Directors. Location. IBM Board of Directors Approves Separation of Kyndryl IBM The separation of Kyndryl is a significant step in the continued evolution of IBM, a company now squarely focused on delivering powerful hybrid cloud and AI solutions and capabilities to enterprises around the world., Kyndryl has an important and exciting mission to design, build and manage the technology infrastructure that the world depends on each day, said Martin Schroeter, Kyndryl chairman and chief executive officer. Kyndryl designs, runs and manages modern, efficient and reliable technology environments for the world's most important businesses and organizations, with the industry's most experienced services experts. Before joining IBM, Leigh was the CFO and COO of Zucotto Wireless, a semiconductor startup focused on Java IP targeting the wireless handset market. Before joining Kyndryl, he was General Manager of IBMs Power Systems division where he was responsible for the development, sales and marketing of IBMs multi-billion-dollar Power franchise. Mr. Machuels global business experience and technology and digital expertise makes him a well-qualified addition to our Board. Mr. Ungerleider is also a member of the Executive Committee of the Business Leaders for Michigan business roundtable and the Michigan Climate Executive Advisory Group. Earlier, he served in various senior executive capacities at IBM, most recently as CEO of IBM France for more than five years. An effective, dynamic speaker who is skilled at maximizing competitive advantage and returns on technology investments for his clients, Mark was chosen as one of the Top 25 Most Influential CEOs in Technology by CRN Magazine in 2014. He brings global experience to his role as Kyndryl's CFO, with a career that includes 15 years as CFO of multi-billion-dollar public companies, where he oversaw major asset sales, spin-offs and acquisitions. Ms. Kugel joined Osram in 2012, where she served as the Chief Human Resources Officer until 2013, when she was appointed Corporate Vice President of Human Resources and Chief Diversity Officer at Siemens AG. Nicolas Sekkaki is the Group Practice Leader for Applications, Data and AI. He previously served as co-chair of the U.S. Chamber of Commerce Global Initiative on Health and the Economy and is currently a director for McKesson Corporation. During his 20-year career at IBM, he has served in numerous senior roles, including as Vice President of Finance for IBM Europe, Vice President of Finance for IBM United Kingdom & Ireland, IBMs Assistant Controller for Financial Strategy and Budgets, and Director of Finance for IBM Global Financing. "A 90,000-person 'start-up' doesn't come along very often, and neither does the opportunity to establish what will be the world's largest customer-centric technology services company," said Mr. Hester. Under Lingus leadership, GTS India embarked on a transformation journey to build a strong broad-based client portfolio. Kyndryl Leadership | Kyndryl Additionally, during the past five years, she served as a director of LifePoint Health Inc. Ms. Schreuder received her MBA from Northwestern University and her BA from Southern Methodist University. Security & Resiliency. Merchant is the Senior Executive Vice President of Client Service and Technology for the Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA). Kyndryl names 10-person board The Register This includes the Cloud Offerings definition, Development, and Delivery, and for the cross-practice offerings integration across Kyndryls six practices. Copyright 2023 Kyndryl Inc. All rights reserved. He is the chairman for the Dow Company Foundation. Empowering progress while modernizing and managing the worlds mission-critical systems and services. Butterfield & Son Limited. Cision Distribution 888-776-0942 Mr. Harris global business experience and technology, digital and cybersecurity expertise makes him a well-qualified addition to our Board. NEW YORK, Sept. 28, 2021 /PRNewswire/ -- Kyndryl, the new, independent public company that will be created following the separation of IBM's Managed Infrastructure Services business, announced. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements. Corporate Governance. Ms. Kugel was appointed to our Board in connection with the Spin-Off from IBM. Ten Leaders Named to Kyndryl Board of Directors - IBM Newsroom
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