IBM announced Stanley J. Sutula III, vice president and controller, resigned his position effective January 20, 2017 to undertake a position as chief financial officer at another public company. The company also announced the IBM board elected Robert F. Del Bene, general manager of IBM Global Financing, to become vice president and controller effective January 21, 2017.

Del Bene is currently general manager, IBM Global Financing and previously served as IBM’s treasurer. Del Bene joined the company in 1981 and has also served as the senior finance executive for various IBM business units including Global Services and Sales & Distribution.