IBM has appointed Martin Schroeter as CEO of the independent company, NewCo, that it’s planning to create following the separation of IBM’s Managed Infrastructure Services business, effective January 15.

NewCo will focus on the management and modernization of IT infrastructure in every industry around the world. The previously announced separation is expected to occur by the end of 2021.

Schroeter served as IBM’s Senior Vice President, Global Markets between December 2017 and April 2020. In that role, he had responsibility for IBM’s global sales, client relationships and satisfaction and worldwide geographic operations.

He also oversaw IBM’s marketing and communications functions and was responsible for building the company’s brand and reputation globally.

Schroeter was IBM’s CFO from 2014 to 2017, and prior to that, served as General Manager of IBM Global Financing, where he managed a total asset base in excess of $37 billion.

He joined IBM in 1992 after earning his Master of Business Administration degree from Carnegie Mellon University, and received his undergraduate degree in Economics and Finance from Temple University. He has dual citizenship in the United States and in Australia.