Outsider named Chief Financial Officer at I.B.M

Article Abstract:

Jerome B. York, formerly Chrysler Corp's chief financial officer (CFO), joins IBM as CFO and the second member of the new management team. York, 54, is a veteran of Chrysler's business turnaround and is the latest in a string of Chrysler executives who have moved on to high-ranking jobs in other companies. York faces a formidable task as IBM's CFO. The computer giant is going through severe financial troubles, as its stock price drops and its losses mount. The CFO functions as the company's conduit to Wall Street and institutional investors, a group that has been increasingly restive. As Chrysler's CFO, York was responsible for the company's $3 billion cost-cutting effort, its issuance of $2.4 billion in common stock and the divestment of $3 billion in assets.

Motor vehicles and car bodies, Motor vehicle parts and accessories, IBM, Automobile industry, Chief financial officers, Chrysler Corp., C, York, Jerome B.

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More change in the guard at Big Blue; top technology officer leaving after 35 years

Article Abstract:

Jack D. Kuehler, the chief technology officer of IBM, retires effective the end of Aug 1993. His announcement did not come as a surprise since he is past the traditional retirement age of 60. Kuehler, the former IBM president, was part of the management team that was in place when the company's fortunes took a turn for the worse. Kuehler himself was not criticized too much for the downslide because of his technology background; despite its failing financial fortunes, IBM is still considered a technology powerhouse. A 35-year veteran of the company, Kuehler said he will concentrate on promoting cooperative projects with other companies, particularly Siemens and Toshiba, during his last few months with IBM.

Retirement, Executive, Kuehler, Jack D.

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