Robert Moffat, a top IBM executive who would perhaps have been the company’s next CEO, is stepping down after being arrested in connection to the Galleon insider trading scandal.
Bloomberg: Rod Adkins will replace him as head of the mainframe, server and storage-device businesses, Edward Barbini, a spokesman at IBM, said in an e-mailed statement. Moffat, once considered a potential successor to Chief Executive Officer Sam Palmisano, went on a temporary leave of absence Oct. 19.
Moffat is accused of leaking information about IBM, Sun Microsystems, and AMD to Danielle Chiesi of New Castle Funds.
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