IBM Reassigns Hardware Chief After Sales Drop

Longtime International Business Machines Corp. executive Rodney C. Adkins has been reassigned from his position as head of the company’s hardware group, according to a person familiar with the matter.

The move followed a 17 percent drop in first-quarter sales at the Systems and Technology Group, which handles the company’s semiconductor, server, storage and system software businesses and had about $18 billion in sales last year.

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