IBM taps Martin Jetter to head global technology services

accreditation
IBM. (Duncan Alfreds, Fin24)
IBM. (Duncan Alfreds, Fin24)

Washington - International Business Machine named Martin Jetter as senior vice president and head of its global technology services unit, effective immediately.

Jetter, who currently heads IBM's operations in Japan, will initially report to Erich Clemanti and will succeed him as head of the services unit on 1 January, when Clemanti will move to another senior leadership role, according to an internal IBM memo seen by Reuters.

"Martin has led a remarkable transformation of IBM Japan, returning it to growth - as he did previously as our leader of IBM Germany and GBS in Europe.

In each case, he and his team have moved quickly to embrace new approaches and new thinking," IBM CEO Ginni Rometty wrote in the note.

IBM, the world's largest technology services company, is struggling to keep up with shifts in the industry as hardware becomes increasingly commoditised.

The company, once best known for mainframe computers, has been pivoting to higher-margin businesses such as security software and cloud services, but growth in those areas has failed to offset weakness elsewhere.

In October, IBM paid $1.5bn to Globalfoundries to take over its loss-making semiconductor unit.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Rand - Dollar
15.09
-0.4%
Rand - Pound
20.77
-0.6%
Rand - Euro
17.52
-0.6%
Rand - Aus dollar
11.34
-0.3%
Rand - Yen
0.13
-0.6%
Gold
1,798.62
+0.1%
Silver
24.07
+0.1%
Palladium
2,004.06
+1.9%
Platinum
1,019.67
+0.6%
Brent Crude
84.58
-2.1%
Top 40
61,314
+0.5%
All Share
67,980
+0.5%
Resource 10
64,164
+0.7%
Industrial 25
87,663
+0.6%
Financial 15
13,997
-0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Facebook is facing a fresh crisis after a former employee turned whistle-blower leaked internal company research . Do you still use Facebook?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, the benefits outweigh the risk for me
27% - 384 votes
No, I have deleted it
43% - 618 votes
Yes, but I am considering deleting it
30% - 425 votes
Vote