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INTERNATIONAL BUSINESS MACHINES CORPORATION

(IBM)
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Kyndryl Names 10 to Board of Directors

09/28/2021 | 04:39pm EST

By Stephen Nakrosis

Kyndryl, which will become a new, independent public company following the separation of IBM's Managed Infrastructure Services business, said Tuesday it named 10 members to its board of directors.

Martin Schroeter, who served as IBM's senior vice president of global markets and as the chief financial officer, was named as the board's chairman.

Stephen Hester was named lead independent director. He was chief executive for RSA Insurance Group and also served as CEO of Royal Bank of Scotland. Currently, he serves as an independent director for easyJet and will assume the role as chairman in December.

Other members of the board include Dominic J. Caruso, former EVP and chief financial officer for Johnson & Johnson; John Harris, the former Vice President of Business Development for Raytheon; Dr. Shirley Ann Jackson, president of Rensselaer Polytechnic Institute; Janina Kugel, former chief human resources officer and member of the managing board for Siemens AG; Denis Machuel, CEO for Sodexo; Rahul Merchant, a senior EVP for the Teachers Insurance and Annuity Association of America-College Retirement Equities Fund; Jana Schreuder, former EVP and chief operating officer for Northern Trust Corporation; and Howard Ungerleider, president and CFO for Dow.

The board appointments were approved by the IBM board of directors, Kyndryl said.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

09-28-21 1839ET

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Financials (USD)
Sales 2021 70 726 M - -
Net income 2021 6 264 M - -
Net Debt 2021 - - -
P/E ratio 2021 17,3x
Yield 2021 5,46%
Capitalization 108 B 108 B -
Capi. / Sales 2021 1,52x
Capi. / Sales 2022 1,84x
Nbr of Employees 345 900
Free-Float 39,9%
Chart INTERNATIONAL BUSINESS MACHINES CORPORATION
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International Business Machines Corporation Technical Analysis Chart | IBM | US4592001014 | MarketScreener
Technical analysis trends INTERNATIONAL BUSINESS MACHINES CORPORATION
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 119,91 $
Average target price 145,39 $
Spread / Average Target 21,3%
EPS Revisions
Managers and Directors
Arvind Krishna Chairman & Chief Executive Officer
James J. Kavanaugh Chief Financial Officer & Senior VP-Operations
Juan Antonio Zufiria Senior VP-Global Technology Services
Kathryn W. Guarini Chief Information Officer
Michael L. Eskew Lead Independent Director
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