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Martin Schroeter to Become IBM CFO Jan. 1, Mark Loughridge to Retire

IBMMartin Schroeter,  general manager for global financing at IBM (NYSE: IBM), will elevate to the chief financial officer role on Jan. 1, 2014 and succeed the retiring Mark Loughridge.

Loughridge, a 36-year company veteran, will retire with the longest tenure of any CFO in the 102-year history of IBM after serving in the role since 2004, IBM said Thursday.

“I look forward to working with Ginni, senior management, and IBM teams around the world to deliver our 2015 roadmap and its objectives, as we continue our shift into new areas, ” Schroeter said.

“(Mark) has helped investors understand IBM and appreciate how our continuous transformation is reflected in profit, earnings and cash performance through a range of economic conditions, ” Loughridge said.

Schroeter served as treasurer between 2007 and 2011 and also held business and financial leadership positions for regions such as the Asia-Pacific.

Loughridge led efforts to develop the company’s first roadmap for earnings per share in 2007, the company said.

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