IBM announced that Martin J. Schroeter, Senior Vice President and Chief Financial Officer, will take a new role as Senior Vice President, Global Markets, effective January 11, 2018. In addition, James J. Kavanaugh will become Senior Vice President and Chief Financial Officer, effective January 11, 2018. Mr. Kavanaugh is currently Senior Vice President, Finance and Operations, and served as IBM's Vice President and Controller from 2008 to 2015.