Kyndryl, the new, independent public company that will be created following the separation of IBM's Managed Infrastructure Services business, announced that it has appointed technology industry veterans to two senior roles -- Nelly Akoth as the company's Chief Transformation Officer and Leigh J. Price to lead Strategy and Corporate Development.
"In Nelly and Leigh, Kyndryl is fortunate to have two seasoned executives who have first-hand knowledge of how to translate strategy into relevant business transformation," said Martin Schroeter, the chief executive officer of Kyndryl. "We will have a laser focus on constantly being responsive and adaptive, and I know Nelly and Leigh will help our teams advance the vital systems that power human progress for our customers."
An IBM veteran of more than 20 years, Ms. Akoth is currently a senior partner in IBM's Global Business Services unit, serving as the worldwide leader for the finance and accounting practice. She served as director of finance for IBM's Africa operations and was instrumental in expanding IBM's presence throughout Africa, serving more than four years as the CFO for IBM's pan-African business. Ms. Akoth also was IBM's vice president and Chief Credit Officer for three years. A native of Kenya, Ms. Akoth speaks both English and Swahili. She is a graduate of St. Thomas University in Miami, FL with a degree in computer science and mathematics, and she earned her MBA in finance and financial management services from Howard University in Washington, D.C. Ms. Akoth will finish the transition into Kyndryl by the date of the spin-out.
Mr. Price currently is vice president of corporate development strategy at IBM, and he has played a significant role in many of the company's acquisitions and divestitures over the past decade; he also served as vice president of intellectual property for IBM, leading its patent and research licensing businesses. Prior to rejoining IBM, he served as chief financial officer of a wireless start-up company. A graduate of Rensselaer Polytechnic Institute (BS Chemical Engineering), he earned an MBA in finance from the Wharton School of the University of Pennsylvania. Mr. Price will transition into Kyndryl by the end of May.
Kyndryl designs, runs and manages the most modern, efficient and reliable technology infrastructure for the world's most important businesses and organizations, with the industry's most experienced services experts. Its previously announced separation is expected to occur by the end of 2021. For more information, visit www.kyndryl.com.