Reginal Thomas
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IBM's CFO Is Retiring At The End Of The Year


International Business Machines Corp. or IBM announced today in a statement that, Chief Financial Officer Mark Loughridge, will retire from his post on Jan. 1. Loughridge helped the company reach its relentless profit targets during his decade at the helm. Loughridge managed IBM's finances as it moved its focus to high margin products. The general manager of IBM's global financing; Martin Schroeter, will replace Loughridge as CFO.