IBM Japan Ltd. is turning to a senior executive from its parent company in the United States to help turn around the company's performance.
The Japanese arm of the technology and consulting corporation announced on March 30 that Martin Jetter, 52, would take over as president on May 15 from Takayuki Hashimoto, who will become chairman.
Jetter will become the second foreigner to head the Japanese side of the company, and the first in 56 years.
IBM Japan has recorded nine straight years of declining sales since 2002. The company hopes to rebuild its management by deepening its relationship with its U.S. parent company in order to make its products and services more competitive.
Jetter, a German citizen, completed the master's program in mechanical engineering at the University of Stuttgart, before joining IBM's German subsidiary in 1986. After rising to president of the German subsidiary, Jetter became vice president in charge of corporate strategy at the U.S. parent company from May 2011.
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