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IBM to Appoint German Chief as New Head of Strategy, FTD Says

International Business Machines Corp. (IBM) will make Martin Jetter, head of its German unit, its new strategy chief and move him to the U.S., Financial Times Deutschland said, without saying where it got the information.

He will be replaced by Martina Koederitz, a specialist for Germany’s Mittelstand of small and medium-sized firms who started at IBM in 1987, the newspaper said today.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editors responsible for this story: Angela Cullen at acullen8@bloomberg.net

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