Mark Loughridge

Last updated

Mark Loughridge (born December 19, 1953) is an American businessman who was IBM's Senior Vice President and Chief Financial Officer, Finance and Enterprise Transformation. He stands as IBM's longest-tenured CFO after nearly 10 years in the role.

Contents

He joined the company in 1977, where he started as a development engineer in the Office Products Division in Lexington, KY. He was also financial services manager for IBM's lab in Hursley, England. He held a number of senior positions including Vice President and IBM Controller; Vice President of Finance and Planning for IBM Global Services; Vice President of Finance for Sales and Distribution; Vice President of Finance for the IBM Personal Systems Group, and Senior Vice President and General Manager of IBM Global Financing before being named CFO in May 2004. In July 2010, he also took on the Enterprise Transformation role to lead IBM's integration and transformation.

Education

He holds a Master of Business Administration degree from the University of Chicago Booth School of Business, a bachelor's degree in mechanical engineering from Stanford University and completed studies at Ecole Nationale Superieure de Mecanique in Nantes, France.

Awards

In 2010 and 2013, Loughridge was rated by the buy-side analysts as the top rated CFO in the IT Hardware Sector by Institutional Investor. In 2012, he was ranked the #1 CFO in America by the Wall Street Journal , [1] and named the "Executive Dream Team" CFO by Fortune Magazine, and the "Best CFO" in the IT hardware category by Institutional Investor.

In 2014, AdvisoryCloud ranked Mark Loughridge as the #1 CFO on ExecRank's Top Financial Executive List. [2]

Related Research Articles

Corporate titles or business titles are given to corporate officers to show what duties and responsibilities they have in the organization. Such titles are used by publicly and privately held for-profit corporations, cooperatives, non-profit organizations, educational institutions, partnerships, and sole proprietorships also confer corporate titles.

A vice president, also director in British English, is an officer in government or business who is below the president in rank. It can also refer to executive vice presidents, signifying that the vice president is on the executive branch of the government, university or company. The name comes from the Latin term vice meaning "in place of" and typically serves as pro tempore to the president. In some countries, the vice president is called the deputy president. In everyday speech, the abbreviation VP is used.

A chief executive officer (CEO), also known as a central executive officer, chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization – especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations. The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking officer in the C-suite.

Jean-Marc Perraud is a French businessman who was executive vice president and CFO of Schlumberger.

<span class="mw-page-title-main">James A. Bell</span> American businessman

James Aaron Bell is a retired American executive of The Boeing Company.

Gary Fayard is a former chief financial officer and executive vice president of The Coca-Cola Company. He was with the company 20 years, 15 as CFO. He is a 1975 graduate of the University of Alabama, where he was a brother of the Sigma Nu fraternity.

Paul N. Saleh, is an American business executive who is currently president and chief executive officer for Gainwell Technologies. Mr. Saleh is currently a board member of Anterix. Mr Saleh also served as board member of Citadel Broadcasting Corporation, American Football Coaches Foundation and Perspecta Inc. In May 2012 Mr. Saleh was named CSC's Chief Financial Officer. In November 2010 Mr. Saleh was named Gannett's Chief Financial Officer. Mr. Saleh served as the chief financial officer (CFO) and executive vice president for Nextel Communications. He later served as interim chief executive officer (CEO) of Sprint Nextel Corporation in late 2007 and as the company's CFO from 2001 to 2008.

Tom Szkutak was Chief Financial Officer (CFO) and senior vice president at Amazon.com. Szkutak joined Amazon.com in October 2002 after 20 years at General Electric. On September 3, 2014, it was announced Szkutak will be leaving Amazon in June 2015 to pursue other interests and spend more time with his family. He was succeeded by Brian Olsavsky in late 2015.

<span class="mw-page-title-main">James Lam</span>

James Lam is a corporate director, management consultant, best-selling author, and keynote speaker. He is President of James Lam & Associates, a risk management consulting firm he founded in early 2002. Lam currently serves as chair of the risk oversight committee and a member of the audit committee on the board of E*TRADE Financial Corporation. He also serves as an independent director and chair of the audit committee of RiskLens, Inc.

Chief business officer (CBO) is the position of the top operating executive of growing commercial companies or an academic/research institution. In the commercial space, CBO shows leadership in deal making experience with a clear record of results and ultimate transactional responsibility. In higher education, the titles of vice president, associate dean, assistant dean, and director are also used for the role of the chief business officer

David B. Kellermann was the acting chief financial officer of Freddie Mac in early 2009.

Frank Neil Newman is an American banker who served as Under Secretary of the Treasury for Domestic Finance from 1993 to 1994 and as United States Deputy Secretary of the Treasury from 1994 to 1995.

<span class="mw-page-title-main">Robert Schriesheim</span>

Robert A. Schriesheim is an American business executive. According to a published interview with FTI Consulting in November 2021 he has served as a board director of 11 public companies, including as board chairman, and as a CFO of 4 public companies with revenues from approximately $1 billion to over $40 billion. He is chairman of Truax Partners LLC and has partnered with institutional investors leading large enterprises through complex transformations serving in various executive leadership and board roles. According to a 2016 Wall Street Journal article, he has a "history of working in partnership with private equity firms, hedge funds and institutional investors in special situation circumstances". According to Barron's and CFO magazine, Schriesheim has "spent most of his career at the high end of the strategy spectrum, embroiled in complex restructurings" focused on capital allocation.

<span class="mw-page-title-main">Ginni Rometty</span> American business executive (born 1957)

Virginia Marie "Ginni" Rometty is an American business executive who served as executive chairman of IBM after stepping down as CEO on April 1, 2020. She previously served as chairman, president and CEO of IBM, becoming the first woman to head the company. She retired from IBM on December 31, 2020, after a near-40 year career at IBM. Prior to becoming president and CEO in January 2012, she first joined IBM as a systems engineer in 1981 and subsequently headed global sales, marketing, and strategy. While general manager of IBM's global services division, in 2002 she helped negotiate IBM's purchase of PricewaterhouseCoopers' IT consulting business, becoming known for her work integrating the two companies. As CEO, she focused IBM on analytics, cloud computing, and cognitive computing systems.

Julia Suryapranata Gouw is former president, chief operating officer and a member of the board of directors of East West Bancorp, Inc. and East West Bank. Gouw originally joined East West Bank in 1989 as controller and became executive vice president and chief financial officer from 1994 to 2008. Under Gouw's leadership, East West achieved 11 consecutive years of record earnings.

Darren Jackson became the chief executive officer of Advance Auto Parts on January 7, 2008.

<span class="mw-page-title-main">Larry Zimmerman</span>

Lawrence A. Zimmerman, also known as Larry Zimmerman, is an American businessman who served as the chief financial officer and executive vice president of Xerox Corporation from June 1, 2002, to April 2011.

Robert (Bob) Holmes Swan is an American business executive. He was CEO of Intel Corporation from January 2019 until February 15, 2021. He joined Intel as CFO in October 2016 from General Atlantic, after spending years as CFO at eBay, Electronic Data Systems, and TRW Inc. Following the resignation of Brian Krzanich as Intel CEO, he was named interim CEO on June 21, 2018, and appointed to full-time CEO on January 31, 2019. As of February 15, 2021, Swan was replaced by VMware CEO Pat Gelsinger. In July 2021, Silicon Valley venture capital firm Andreessen Horowitz announced that Swan will be joining the firm.

Howard Ungerleider is an American business executive who is the chief financial officer (CFO) and president of Dow Inc., following five years as CFO of DowDuPont Inc.

References

  1. "Corporate America's Top CFOs". Wall Street Journal. 2012. Retrieved 31 July 2012.
  2. 2014 Top Chief Financial Officers https://www.advisorycloud.com/2014-rankings/top-chief-financial-officer-rankings