J. Randall MacDonald was named senior vice president of human resources at IBM Corp., replacing Tom Bouchard, who is retiring at the end of July. Mr. Bouchard last year oversaw the companys makeover of its traditional pension plan into a cash balance plan. Mr. MacDonald was executive vice president for human resources and administration at GTE Corp.
Tom has made some tough calls, but he never wavered in doing what he believed was in the best long-term interests of our company and our entire work force, IBM CEO Lou Gerstner told senior management in a memo dated June 26.