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AI & Enterprise

TmaxSoft appoints Choi Young-man as CTO to strengthen global technical support

Enterprise software company TmaxSoft said on March 16 it appointed Choi Young-man, former head of sales at Kyndryl Korea, as its new technology chief at executive vice president level to strengthen its global technical support system. Choi has worked for more than 25 years at companies including Accenture, SK C&C, Teradata, Innowireless, LIG System and Kyndryl Korea. TmaxSoft said he will build a tech organisation aligned with its global AI transformation expansion strategy and internalise support capabilities for new AI products under development.

AI & Enterprise

Kyndryl shares plunge 55 percent on SEC probe; CFO, general counsel resign

U.S. IT services company Kyndryl said it has been hit by an accounting inquiry and a wave of executive departures, sending its shares down 55 percent in a day. The company disclosed it received a request from the U.S. Securities and Exchange Commission to submit accounting-related documents. The SEC is probing cash management, financial reporting and internal controls. CFO David Wyshner and general counsel Edward Sebold resigned, and the chief people officer left a month earlier.