Kyndryl, a new independent public enterprise to be formed following the split of IBM’s managed infrastructure services business, announced the company’s first board of directors and elected Martin Schrder as chairman of Kindle.
Schrட்டர்ter served as CEO of IBM from 2014 to 2017, leaving IBM as Senior Vice President of Global Markets in June 2020, before leaving IBM.
Stephen Hester will be the lead independent director on Kindrill’s board of directors. Until June, he was CEO of RSA Insurance Group, before becoming CEO of Royal Bank of Scotland. He is currently the Independent Director of EasyJet and will take over as President of EasyJet in December 2021.
In addition to Schrட்டர்ter and Hester, there will be eight leaders on the Kindrill team, who will bring a variety of perspectives and business experience to the board. Among them is:
Dominic J. Caruso, mr. Former Vice President and Chief Financial Officer of Caruso Johnson & Johnson, he retired in 2018. He was previously co-chair of the Global Chamber of Commerce of the U.S. Chamber of Commerce on Health and Economy and is currently a director of the McCason Corporation.
John Harris, mr. Harris, former Vice President of Radeon Business Development and CEO of the international division, Radeon International, retired in 2020 to oversee government relations, sales and marketing organizations at the company. He currently serves on the Board of Directors of Cisco and Flex Limited.
Dr. Shirley Ann Jackson, Ph.D. Jackson is president of Rensler Polytechnic, America’s oldest technical research university. She holds a Ph.D. BS in Theoretical Basic Particle Physics and Physics from MIT.
Genina Kugal, Ms Kugal is a former Chief Human Resources Officer and a member of Siemens AG’s Board of Directors, which oversees the company’s global human resource initiatives, including diversity, community innovation, environmental protection, health management and protection.
Denise Machuel, mr. Machuel Sodexo is the CEO and a member of a multi-stakeholder alliance that has pledged to achieve the UN Sustainable Development Goal on food waste.
Rahul Merchant, Mr. Merchant is the senior executive vice president of customer service and technology for the Teacher Insurance and Annual Association of the America-College Pension Equity Fund (TIAA). Mr. Merchant is a former Executive Vice President, Chief Information and Operations Officer and Fanny Mail Executive Board Member, and Chief Information Officer and Chief Technical Officer at Merrill Lynch. He currently serves on the Board of Directors of Juniper Network (JNPR), Convergent Technologies and the Global Cloud Exchange.
Jana Schroeder, Ms. Schroeder is a former Executive Vice President and CEO of Northern Trust Corporation, who retired in 2018. Ms. Schrder is currently a member of the New York City Chapter of the Global Strategic Committee of Directors of Women’s, a management company serving public and private boards worldwide.
Howard Ungerlider, mr. Ungerlider is Dow’s President and Chief Financial Officer of the Global Materials Science Institute, where he oversees the company’s finance, public affairs, government affairs, procurement and integrated distribution chain. He is chairman of the Dove Company Foundation.
Kindle’s board appointments were approved by the IBM Board of Directors.
Kindril designs, operates and manages a modern, efficient and reliable technology environment with service professionals for some of the world’s leading companies and organizations. The previously announced divorce from IBM is expected to take place in late 2021.
Kindle also reported a net loss of $ 2.01 billion with three consecutive revenue declines. The disclosure came after Form 10 was filed with the U.S. Securities and Exchange Commission (SEC). For the registration of securities, and the company must provide details including pro-financial results as Kindler. IBM, now known as Kyndryl, has pro-revenue of $ 19.35 billion by 2020. Read more about this American CRN website.
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