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INTERNATIONAL BUSINESS MACHINES CORPORATION

(IBM)
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Kyndryl Names Harsh Chugh as Operating Chief

09/08/2021 | 09:28am EDT

By Matt Grossman

Kyndryl, the public company that would be created by the separation of International Business Machines Corp.'s infrastructure-services business, named Harsh Chugh its chief operating officer.

Mr. Chugh is currently the chief financial officer of PlanSource, a benefits-administration company. He previously served as an IBM executive, including roles in the company's global-markets and digital-business organizations.

Kyndryl's separation from IBM is expected to be finalized by the end of the year. Martin Schroeter was named its chief executive in January and David Wyshner its finance chief in July.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

09-08-21 0927ET

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Financials (USD)
Sales 2021 74 691 M - -
Net income 2021 5 526 M - -
Net Debt 2021 46 811 M - -
P/E ratio 2021 23,2x
Yield 2021 5,14%
Capitalization 115 B 115 B -
EV / Sales 2021 2,16x
EV / Sales 2022 2,09x
Nbr of Employees 345 900
Free-Float 39,8%
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Technical analysis trends INTERNATIONAL BUSINESS MACHINES CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 127,88 $
Average target price 150,50 $
Spread / Average Target 17,7%
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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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