🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

IBM appoints new chief legal officer

EditorFrank DeMatteo
Published 2024-04-11, 09:00 a/m
© Reuters.
IBM
-

ARMONK, NY - IBM (NYSE:IBM) has announced the appointment of Anne Robinson as its new Senior Vice President and Chief Legal Officer, effective July 1, 2024. Robinson will be taking over from Michelle Browdy, who has served in the role with distinction and will remain at IBM as a senior advisor to ensure a seamless transition.

Robinson brings to IBM a wealth of experience in law, business, public policy, and regulatory affairs, having previously held the position of Managing Director and General Counsel at Vanguard. Her career also includes significant roles at Citigroup, American Express (NYSE:AXP), and Deloitte, highlighting her expertise and versatility in the legal field.

The move is part of IBM's ongoing strategy to bolster its leadership team and maintain its commitment to strong governance and compliance standards. Robinson's appointment is seen as a continuation of IBM's efforts to navigate the complex legal landscape of the technology industry.

As a member of the Minority Corporate Counsel Association (MCCA), Children’s Rights, and the Ira M. Millstein Center for Global Markets and Corporate Ownership at Columbia Law School, Robinson is actively involved in advocating for diversity and children's rights, as well as corporate governance.

IBM's outgoing Senior Vice President, Michelle Browdy, has been praised for her exceptional dedication to the company, particularly in the areas of legal, security, corporate governance, and compliance. Her role in advising on mergers and acquisitions, board governance, compliance, and cybersecurity has been especially notable.

The company has expressed gratitude for Browdy's contributions and leadership, which have extended beyond IBM to the broader legal community. The transition plan is designed to leverage Browdy's experience while introducing Robinson's fresh perspectives to IBM's legal strategy.

This announcement is based on a press release statement from IBM.

InvestingPro Insights

As IBM welcomes Anne Robinson into its leadership fold, the company's financial health and market performance continue to be of interest to investors and stakeholders alike. According to InvestingPro data, IBM boasts a robust market capitalization of $170.55 billion, underscoring its significant presence in the technology sector. The company's Price/Earnings (P/E) ratio stands at 22.59, reflecting investor expectations of future earnings growth, which are further supported by a Price/Earnings (Adjusted) ratio for the last twelve months as of Q4 2023 at a slightly lower 21.65.

InvestingPro Tips reveal that IBM has raised its dividend for 28 consecutive years and has maintained dividend payments for 54 consecutive years, demonstrating a strong commitment to returning value to shareholders. This is complemented by a dividend yield of 3.5%, which is attractive in the current investment landscape. Additionally, 5 analysts have revised their earnings upwards for the upcoming period, indicating a positive outlook on IBM's financial performance going forward.

InvestingPro offers additional tips that can provide deeper insights into IBM's strategic positioning and future prospects. For those interested in exploring these further, they can find more tips at https://www.investing.com/pro/IBM. To enhance the value of a yearly or biyearly Pro and Pro+ subscription, users can utilize the coupon code PRONEWS24 to receive an additional 10% off. With a total of 12 additional InvestingPro Tips available, investors can gain a comprehensive understanding of IBM's market dynamics and investment potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.