TIL Desk/Business/New Delhi/As IBM spins out a new company to help focus in two lucrative markets, the company’s CEO Arvind Krishna on Friday said that the yet to be named new company will have a separate leadership team in India.
However, people working for IBM India have nothing to worry as the IBM CEO said that he expects the employees to be accommodated in one company or the other.
“I do not expect the creation of the new company to have any material impact in India,” Krishna told reporters in a call, adding that there will be nothing “controversial”.
“This is not a restructuring, this is a spin out,” he said. IBM on Thursday said that it will separate its Managed Infrastructure Services unit of its Global Technology Services division into a new public company. The yet to be named new company is currently codenamed “NewCo”.
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