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IBM, Siebel Systems Announce Top Management Changes.(INTERNET & TECHNOLOGY)

Investor's Business Daily

| May 04, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: FROM REUTERS

IBM said on Monday that Chief Financial Officer John Joyce would head its services division, as part of an executive reshuffling spurred by the departure of its sales head to run Siebel Systems.

IBM also said it's moving services head Douglas Elix to run sales and naming global financing chief Michael Loughridge CFO. IBM says the changes will better combine its various businesses. Elix, 55, was also put in charge of IBM's operating team, a role currently held by CEO Samuel Palmisano.

In sales, Eliz replaces Michael Lawrie, ...

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