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Two of IBM's most senior executives, Nick Donofrio and Bill Zeitler, will retire later in 2008.
LOS ANGELES (Reuters)—Two of IBM's most senior executives, technology strategy chief Nick Donofrio and
hardware chief Bill Zeitler, will retire later this year, an IBM memo
showed on Monday.
Chief Executive Sam Palmisano announced the retirements in an email
to employees obtained by Reuters. Bob Moffat will take Zeitler's job as
Senior Vice President and Group Executive, Systems and Technology,
overseeing computer and microchips and keep his current role focused on
IBM's supply chain.
A variety of executives will take on roles from Donofrio, whose
title is Executive Vice President, Innovation and Technology, Palmisano
said.
Spokesman Ed Barbini confirmed the moves and said the change was
normal as, traditionally, executives retire around age 60. Zeitler
would be 61 and Donofrio 63 when they retired, he said.
(Reporting by Peter Henderson; Editing by Andre Grenon)
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