One of the former chief executives of business computing pioneer IBM Corp has died. According to reports, Frank Cary, who held the chairman and chief executive positions at IBM between 1973 and 1981, passed away on New Year’s day. His cause of death was not made known.
Cary, 86, was serving as a director of Lexmark International Inc.
During Cary’s tenure at IBM he successfully led the company’s expansion into new markets outside its traditional mainframe business, notably personal computers, graphics terminals and IT consulting. He guided IBM through some the of strongest financial returns of all US companies at the time.