IBM Corp. is changing the guard in its US PC unit, naming company veteran Stephen Ward senior vice president and general manager of its Personal Systems Group.
Ward succeeds Robert Moffat, who oversaw the group for the past two years. During Moffat's tenure, IBM revamped its PC business to stem substantial losses in the sector. The company signed multibillion-dollar deals with Sanmina-SCI Corp. to outsource some manufacturing operations, and exited the consumer retail business, steps IBM's financial chief said will limit the company's exposure to a market it expects to remain depressed.
Moffat will remain IBM's senior vice president of Integrated Supply Chain, a position he has held since last February. In that role, he is focusing on cutting costs worldwide in IBM's manufacturing and procurement operations, according to a company spokesman.
IBM also promoted Fran O'Sullivan, who will serve under Ward as general manager of IBM's PC division. Previously, O'Sullivan was general manager of PC products and services.