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Saturday, 09 November 2013 20:00

Breaking News: IBM CFO to Retire by Year-End Featured

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IBM CFO to Retire by Year-End Succeeded by GM of IBM Global Financing

IBM's SVP and CFO, Finance and Enterprise Transformation, Mark Loughridge is retiring at the end of the year after almost a decade on the job. Loughridge, who joined IBM in 1977 as a development engineer, will be succeeded by Martin Schroeter, 49, who is General Manager of IBM Global Financing.

In December, Loughridge will turn 60, IBM's traditional retirement age. During Loughridge’s tenure, IBM introduced the first long-term EPS roadmap in 2007.  

Schroeter will take on his new role in the beginning of next year. Schroeter also served as IBM Treasurer and previously held a number of business and financial leadership positions including several roles in Asia Pacific.

Date: November 9, 2013

Read 2226 times Last modified on Monday, 06 July 2020 16:10
Dora Vell

Dora Vell is the Managing Partner of Vell Executive Search, a boutique executive search firm in Boston focused on recruiting technology executives and board members. Vell has successfully completed numerous board member and C-level executive searches, including CEOs, COOs, CIOs, and Vice Presidents - at both public and private companies.

Prior to founding the firm in 2005, Vell was a Partner at Heidrick & Struggles' Technology practice for seven years.  Before her career in executive search, she worked at IBM for 11 years, managing software engineering organizations of 100 people and software sales organizations with revenues of $150 million. She has also served as an executive assistant to the CEO of IBM Canada for one year.

Vell holds seven worldwide software patents. She has published several Business of Leadership reports on governance and leadership and has been quoted in numerous articles including The Wall Street Journal, Forbes, Business Week, Fortune, Agenda Week, MSNBC, Mass High Tech, the OPUS for the World Economic Forum, Boston Business Journal, The Globe & Mail, CIO Magazine, and IEEE. She also has been a featured speaker on leadership at numerous conferences and at Columbia University's MBA program.

Vell is a member of the National Association of Corporate Directors (NACD), the Boston CEO Roundtable. She has served on the boards of Framingham State, Entrepreneur's Organization, Goodwill, Mary Centre for developmentally handicapped adults,, and RBC Capital Partners.

She has received an MBA from the University of Toronto, a Master in Computer Science from the University of Waterloo, and a Bachelor in Computer Science from Carleton. She has also completed the MIT Entrepreneurial Master’s program.

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