IBM announced the appointment of Martin Schroeter as Chief Executive Officer of the independent company that will be created following the separation of IBM's Managed Infrastructure Services business ("NewCo"), effective January 15.  NewCo will focus on the management and modernization of IT infrastructure in every industry around the world.  The previously announced separation is expected to occur by the end of 2021.

Schroeter served as IBM's Senior Vice President, Global Markets, where he was responsible for IBM's global sales, client relationships and satisfaction, and worldwide geographic operations, 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.

"Martin has the strategic vision and business judgment to realize NewCo's enormous potential as the global leader in managed infrastructure services, said Arvind Krishna, Chairman, and CEO of IBM.

Martin served as IBM's Senior Vice President, Global Markets between December 2017 and April 2020. In that role, he had responsibility for IBM's global sales, client relationships and satisfaction, and worldwide geographic operations. He also oversaw IBM's marketing and communications functions and was responsible for building the company's brand and reputation globally. Martin was 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. 

Earlier in his IBM tenure, he served in numerous roles in Japan, the United States, and Australia.  He joined IBM in 1992.