IBM has confirmed the company's Australia and New Zealand managing director, Andrew Stevens, is retiring from his role, after 33 years in the industry.
While no details of a replacement have been confirmed, or when exactly Stevens will finish up, an IBM spokesperson told ZDNet: "He will use his significant leadership experience to advance the causes he is passionate about. We congratulate and thank Andrew for his contribution during his 33 years of service with IBM and PricewaterhouseCoopers and wish him the very best of success."
Stevens inherited the top job from Glen Boreham in early January 2011 after Boreham decided he was going to spend more time on personal pursuits. Stevens has been with the company since 2002, as a result of the company's merger with PricewaterhouseCoopers' consulting arm.
When Stevens spoke to ZDNet just after 10 weeks after his appointment, he said his big focus for IBM was to catch the resources wave.
"Of our priorities, natural resources and supporting the natural resources industry is a significant one," he said at the time, adding that Queensland, Western Australia and South Australia are all states that IBM was looking to expand in.
"There's about AU$380 billion of investment that will go into natural resources, oil and gas over the next five years and Queensland, WA and SA are the three really big [states]. I would see, over time, more [IBM] people in those locations."
During the same time Stevens was appointed to the managing director role, IBM also released Watson, its so-called supercomputer, which the company has since been struggling to grow in the market. But back then, Stevens said a Watson-style supercomputer was on everybody's Christmas wish list.
"A number of clients have said that [Watson] could be very useful for them because they deal in a very text-based, rule-based, decision-making mode and I think health analytics is going to be one, as you'll need to look through unstructured text to find things," he said at the time.
During Stevens' tenure, IBM Australia has watched its profits plummet. The company reported total revenue for the 2013 financial year tumbled by a third, and net profit for the year went down to AU$233 million from the AU$355 million profit recorded during the previous financial year.
The company also made recent cuts to its local workforce, where 500 jobs were expected to be slashed in March, in addition to the 1,500 jobs culled during June 2013, as part of a global restructure plan.
Prior to that, IBM was dragged to court by the Queensland government after it allegedly failed to deliver as expected on the state's health payroll system.