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- IBM's China-driven slump sparks executive shakeup
By Soham Chatterjee and Edwin Chan (Reuters) - IBM Corp has reassigned the head of its growth markets unit, a source with knowledge of the move said, after a surprisingly steep drop in quarterly hardware sales in China prompted a 7 percent share slide on Thursday. James Bramante's reassignment was first flagged during the company's conference call on Wednesday, when Chief Financial Officer Mark ...
Oct. 17, 2013 - Reuters via Yahoo! News
- IBM reassigns growth markets head: WSJ
SAN FRANCISCO (MarketWatch) - IBM Corp. has reassigned the executive in charge of growth markets after a disappointing third quarter, a media report said Thursday. Jams Bramante's role will be taken over by IBM sales chief Bruno Di Leo, The Wall Street Journal reported, citing an unnamed source. IBM missed Wall Street revenue estimates. Among the factors Chief Executive Virginia Rometty cited ...
Oct. 17, 2013 - Market Watch
- More on IBM: Growth markets chief reportedly replaced
The WSJ reports IBM ( IBM -6.5% ) has "reassigned" James Bramante, the head of its growth markets sales efforts, following a very rough Q3. IBM's sales to growth markets fell 9% Y/Y in the quarter, with BRIC markets sales dropping 15% and Chinese sales 22%. IBM sales chief Bruno Di Leo is reportedly taking over Bramante's job - he ran the unit before being promoted to his current position in ...
Oct. 17, 2013 - Seeking Alpha