Kyndryl Appoints New CFO and General Counsel
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: PRnewswire
- Executive Appointments: Kyndryl has announced the appointment of Ellen Johnson as Chief Financial Officer and Andrew Bonzani as General Counsel, aiming to enhance governance and financial discipline through their extensive experience to support the company's growth strategy.
- Ellen Johnson's Background: Johnson will join Kyndryl on July 20 and officially assume the CFO role on August 6, previously serving as CFO at Interpublic Group with over 20 years of financial leadership experience, which is expected to strengthen Kyndryl's financial management capabilities.
- Andrew Bonzani's Experience: Bonzani's appointment is effective immediately; he previously served as Senior Vice President and General Counsel at IPG and has 18 years of experience in IBM's legal department, which is anticipated to enhance Kyndryl's legal compliance and risk management.
- Transition Arrangements: Interim CFO Harsh Chugh will continue until August 5 to assist Johnson's transition, while Kyndryl plans to file its first-quarter 2027 earnings report by this date, ensuring financial transparency and compliance.
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Analyst Views on KD
Wall Street analysts forecast KD stock price to rise
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 12.250
Low
28.00
Averages
33.25
High
40.00
Current: 12.250
Low
28.00
Averages
33.25
High
40.00
About KD
Kyndryl Holdings, Inc. is a provider of mission-critical enterprise technology services offering advisory, implementation and managed service capabilities to customers in more than 60 countries. The Company designs, builds, manages and modernizes complex information systems around the world. Its segments include United States, Japan, Principal Markets and Strategic Markets. It offers services across domains, such as cloud services, core enterprise and zCloud services, applications, data and artificial intelligence (AI) services, digital workplace services, security and resiliency services and network and edge services. Its advisory and implementation services are branded as Kyndryl Consult. It provides end-to-end enterprise data services, including data transformation, data architecture and management, data governance and compliance and data migration. It provides comprehensive enterprise cybersecurity services for chief information security officers (CISOs) and chief risk officers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Kyndryl Appoints New CFO and General Counsel
- Executive Appointments: Kyndryl Holdings announced the appointment of Ellen Johnson as Chief Financial Officer, succeeding interim CFO Harsh Chugh, with Johnson set to officially take over on August 6 after serving as CFO at Interpublic Group, bringing extensive financial management experience.
- Transition Plan: Harsh Chugh will remain until August 5 to ensure a smooth transition, a move that helps maintain the company's financial stability and operational continuity during this leadership change.
- Legal Counsel Appointment: Andrew Bonzani has been appointed as General Counsel and Secretary, effective immediately, joining from IPG where he served as Senior Vice President for legal affairs, expected to provide robust legal support for Kyndryl.
- Market Reaction: In pre-market trading on the NYSE, Kyndryl's shares fell by 0.14%, currently priced at $12.24, reflecting market caution regarding the company's executive changes.
See More
Kyndryl Appoints New CFO and General Counsel
- Executive Appointments: Kyndryl announced the appointment of Ellen Johnson as the new Chief Financial Officer and Andrew Bonzani as General Counsel, aiming to enhance governance and financial discipline through their extensive experience to drive the company's growth strategy.
- Leadership Team Enhancement: Kyndryl CEO Martin Schroeter stated that the complementary experiences of Ellen and Andrew will further strengthen the senior leadership team, supporting clients in addressing complex challenges while taking disciplined actions to reinforce the business.
- Ellen Johnson's Background: Ellen Johnson is set to join Kyndryl on July 20, having previously served as CFO at Interpublic Group and currently sitting on the Board of Directors of Nexstar Media Group, showcasing her strong financial management background.
- Andrew Bonzani's Immediate Role: Andrew Bonzani will join Kyndryl immediately, having previously worked as Senior Vice President at IPG overseeing legal affairs, and with extensive experience in IBM's legal department, expected to provide robust legal support for the company.
See More
Kyndryl Appoints New CFO and General Counsel
- Executive Appointments: Kyndryl has announced the appointment of Ellen Johnson as Chief Financial Officer and Andrew Bonzani as General Counsel, aiming to enhance governance and financial discipline through their extensive experience to support the company's growth strategy.
- Ellen Johnson's Background: Johnson will join Kyndryl on July 20 and officially assume the CFO role on August 6, previously serving as CFO at Interpublic Group with over 20 years of financial leadership experience, which is expected to strengthen Kyndryl's financial management capabilities.
- Andrew Bonzani's Experience: Bonzani's appointment is effective immediately; he previously served as Senior Vice President and General Counsel at IPG and has 18 years of experience in IBM's legal department, which is anticipated to enhance Kyndryl's legal compliance and risk management.
- Transition Arrangements: Interim CFO Harsh Chugh will continue until August 5 to assist Johnson's transition, while Kyndryl plans to file its first-quarter 2027 earnings report by this date, ensuring financial transparency and compliance.
See More
Kyndryl to Release Q1 2027 Earnings on August 5, 2026
- Earnings Release Schedule: Kyndryl will announce its Q1 2027 earnings on August 5, 2026, at 7:00 a.m. ET, providing critical financial data and insights into business performance for investors.
- Executive Conference Call: On the same day, Chairman and CEO Martin Schroeter and Interim CFO Harsh Chugh will host an earnings call at 8:30 a.m. ET, aimed at interpreting the earnings report and addressing investor questions to enhance transparency.
- Live Webcast Access: Investors can access the live earnings call via Kyndryl's investor relations website, ensuring broad investor participation and timely updates on the company's latest developments.
- Replay Availability: Following the event, a replay of the earnings call will be available on Kyndryl's investor relations website for up to 12 months, allowing investors who missed the live event to review the information at their convenience.
See More
Kyndryl Partners with Microsoft to Enhance Cloud Sovereignty Solutions
- Stock Surge: Kyndryl Holdings (KD) shares rose 7% during morning trading on Wednesday following the announcement of a new partnership with Microsoft (MSFT), reflecting strong market confidence in its cloud sovereignty solutions.
- Strategic Collaboration: The partnership combines Kyndryl's Sovereignty Solutioning with Microsoft's Sovereign Cloud capabilities, aimed at helping customers design, build, and operate cloud architectures that meet evolving data residency and operational requirements, particularly for government and highly regulated industries.
- Implementation Support: Kyndryl will support implementation and ongoing operations using sovereignty-ready architectures that integrate Microsoft’s public cloud solutions, including Azure and Microsoft 365, as well as sovereign private cloud solutions utilizing Azure Local, assisting organizations in evaluating their current data and technical posture.
- Market Demand: Giovanni Carraro, Kyndryl's Global Strategic Alliances Leader, stated that by collaborating with Microsoft, Kyndryl can help customers balance control, resilience, and performance across hybrid and distributed environments, effectively operationalizing their sovereignty goals.
See More
Kyndryl Holdings Faces Shareholder Lawsuit Investigation
- Shareholder Lawsuit Investigation: Kuehn Law, PLLC is investigating whether Kyndryl Holdings, Inc. officers breached fiduciary duties to shareholders, with allegations including systematic manipulation of free cash flow metrics misleading investors about the company's financial health.
- Financial Manipulation Allegations: The lawsuit claims that Kyndryl executives engaged in systematic manipulation of cash flow by deliberately postponing vendor payments, which misrepresented the sustainability of the company's earnings and revenue growth.
- Internal Control Deficiencies: The lawsuit also highlights significant deficiencies in Kyndryl's financial disclosure procedures, accounting methodologies, and internal controls over financial reporting, indicating that the company's operations and growth prospects were worse than publicly represented.
- Investor Rights Protection: Kuehn Law urges shareholders to contact them promptly to protect their rights, emphasizing that participation in the lawsuit is crucial for maintaining the integrity and fairness of financial markets.
See More
Kyndryl Appoints New CFO and General Counsel
- Executive Appointments: Kyndryl Holdings announced the appointment of Ellen Johnson as Chief Financial Officer, succeeding interim CFO Harsh Chugh, with Johnson set to officially take over on August 6 after serving as CFO at Interpublic Group, bringing extensive financial management experience.
- Transition Plan: Harsh Chugh will remain until August 5 to ensure a smooth transition, a move that helps maintain the company's financial stability and operational continuity during this leadership change.
- Legal Counsel Appointment: Andrew Bonzani has been appointed as General Counsel and Secretary, effective immediately, joining from IPG where he served as Senior Vice President for legal affairs, expected to provide robust legal support for Kyndryl.
- Market Reaction: In pre-market trading on the NYSE, Kyndryl's shares fell by 0.14%, currently priced at $12.24, reflecting market caution regarding the company's executive changes.
See More
Kyndryl Appoints New CFO and General Counsel
- Executive Appointments: Kyndryl announced the appointment of Ellen Johnson as the new Chief Financial Officer and Andrew Bonzani as General Counsel, aiming to enhance governance and financial discipline through their extensive experience to drive the company's growth strategy.
- Leadership Team Enhancement: Kyndryl CEO Martin Schroeter stated that the complementary experiences of Ellen and Andrew will further strengthen the senior leadership team, supporting clients in addressing complex challenges while taking disciplined actions to reinforce the business.
- Ellen Johnson's Background: Ellen Johnson is set to join Kyndryl on July 20, having previously served as CFO at Interpublic Group and currently sitting on the Board of Directors of Nexstar Media Group, showcasing her strong financial management background.
- Andrew Bonzani's Immediate Role: Andrew Bonzani will join Kyndryl immediately, having previously worked as Senior Vice President at IPG overseeing legal affairs, and with extensive experience in IBM's legal department, expected to provide robust legal support for the company.
See More
Kyndryl Appoints New CFO and General Counsel
- Executive Appointments: Kyndryl has announced the appointment of Ellen Johnson as Chief Financial Officer and Andrew Bonzani as General Counsel, aiming to enhance governance and financial discipline through their extensive experience to support the company's growth strategy.
- Ellen Johnson's Background: Johnson will join Kyndryl on July 20 and officially assume the CFO role on August 6, previously serving as CFO at Interpublic Group with over 20 years of financial leadership experience, which is expected to strengthen Kyndryl's financial management capabilities.
- Andrew Bonzani's Experience: Bonzani's appointment is effective immediately; he previously served as Senior Vice President and General Counsel at IPG and has 18 years of experience in IBM's legal department, which is anticipated to enhance Kyndryl's legal compliance and risk management.
- Transition Arrangements: Interim CFO Harsh Chugh will continue until August 5 to assist Johnson's transition, while Kyndryl plans to file its first-quarter 2027 earnings report by this date, ensuring financial transparency and compliance.
See More
Kyndryl to Release Q1 2027 Earnings on August 5, 2026
- Earnings Release Schedule: Kyndryl will announce its Q1 2027 earnings on August 5, 2026, at 7:00 a.m. ET, providing critical financial data and insights into business performance for investors.
- Executive Conference Call: On the same day, Chairman and CEO Martin Schroeter and Interim CFO Harsh Chugh will host an earnings call at 8:30 a.m. ET, aimed at interpreting the earnings report and addressing investor questions to enhance transparency.
- Live Webcast Access: Investors can access the live earnings call via Kyndryl's investor relations website, ensuring broad investor participation and timely updates on the company's latest developments.
- Replay Availability: Following the event, a replay of the earnings call will be available on Kyndryl's investor relations website for up to 12 months, allowing investors who missed the live event to review the information at their convenience.
See More
Kyndryl Partners with Microsoft to Enhance Cloud Sovereignty Solutions
- Stock Surge: Kyndryl Holdings (KD) shares rose 7% during morning trading on Wednesday following the announcement of a new partnership with Microsoft (MSFT), reflecting strong market confidence in its cloud sovereignty solutions.
- Strategic Collaboration: The partnership combines Kyndryl's Sovereignty Solutioning with Microsoft's Sovereign Cloud capabilities, aimed at helping customers design, build, and operate cloud architectures that meet evolving data residency and operational requirements, particularly for government and highly regulated industries.
- Implementation Support: Kyndryl will support implementation and ongoing operations using sovereignty-ready architectures that integrate Microsoft’s public cloud solutions, including Azure and Microsoft 365, as well as sovereign private cloud solutions utilizing Azure Local, assisting organizations in evaluating their current data and technical posture.
- Market Demand: Giovanni Carraro, Kyndryl's Global Strategic Alliances Leader, stated that by collaborating with Microsoft, Kyndryl can help customers balance control, resilience, and performance across hybrid and distributed environments, effectively operationalizing their sovereignty goals.
See More
Kyndryl Holdings Faces Shareholder Lawsuit Investigation
- Shareholder Lawsuit Investigation: Kuehn Law, PLLC is investigating whether Kyndryl Holdings, Inc. officers breached fiduciary duties to shareholders, with allegations including systematic manipulation of free cash flow metrics misleading investors about the company's financial health.
- Financial Manipulation Allegations: The lawsuit claims that Kyndryl executives engaged in systematic manipulation of cash flow by deliberately postponing vendor payments, which misrepresented the sustainability of the company's earnings and revenue growth.
- Internal Control Deficiencies: The lawsuit also highlights significant deficiencies in Kyndryl's financial disclosure procedures, accounting methodologies, and internal controls over financial reporting, indicating that the company's operations and growth prospects were worse than publicly represented.
- Investor Rights Protection: Kuehn Law urges shareholders to contact them promptly to protect their rights, emphasizing that participation in the lawsuit is crucial for maintaining the integrity and fairness of financial markets.
See More
