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Get filing alertsKyndryl appoints Ellen Johnson as CFO and Andrew Bonzani as General Counsel
Filed July 6, 2026 · Period ending July 1, 2026 · ~1 min read
Key Changes
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Ellen Johnson appointed CFO effective August 6, 2026, joining from Interpublic Group where she served as CFO 2020-2025. Compensation: $1M base, 125% target bonus, $4.5M LTI award, plus $1.5M sign-on grant.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Andrew Bonzani appointed General Counsel and Secretary effective immediately, bringing experience from IPG (General Counsel 2012-2025) and IBM (18 years in legal, including VP and Assistant General Counsel 2008-2012).
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Interim CFO Harsh Chugh continues through August 5 Q1 2027 earnings filing, then assists with transition. Mark Ringes returns to Deputy General Counsel role after serving as Interim General Counsel.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Kyndryl filled two senior leadership positions, appointing Ellen Johnson as CFO and Andrew Bonzani as General Counsel. Johnson joins from Interpublic Group where she served as CFO from 2020 to 2025, bringing public company finance leadership experience to Kyndryl. She starts employment July 20 for transition purposes but assumes the CFO role August 6, after the company files its Q2 2026 10-Q.
Bonzani's appointment as General Counsel is effective immediately, drawing on his tenure as General Counsel at IPG (2012-2025) and 18 years in IBM's legal department. The timing ensures continuity through the quarterly reporting cycle, with Interim CFO Harsh Chugh remaining through the August 5 Q1 2027 earnings filing.
Both appointments bring relevant public company experience from IPG, which was recently acquired by Omnicom. The compensation packages are structured with performance-based elements including PSUs tied to three-year performance criteria, aligning executive incentives with long-term company performance.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On July 1, 2026, the Board of Directors (the “Board”) of Kyndryl Holdings, Inc. (the “Company”) appointed Ellen Johnson as Chief Financial Officer of the Company, effective the day after the Company files its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 (the “Effective Date”). Ms. Johnson will commence her employment with the Company on July 20, 2026, prior to such filing, to ensure a smooth transition of responsibilities.
Ellen Johnson, 60, was appointed CFO effective after the Q2 10-Q filing. She starts employment July 20, 2026 to transition responsibilities. She previously served as CFO of Interpublic Group from 2020 to 2025 and held various senior finance roles there since 2000. She succeeds Harsh Chugh, who will remain to assist with the transition.
Added in current filing · verify on EDGAR →
In connection with the appointment of Ms. Johnson, the Compensation and Human Capital Committee of the Board set her annual base salary at $1,000,000, with an annual target incentive opportunity of 125% of base salary. Ms. Johnson’s annual incentive award payout will be prorated for the fiscal year ended March 31, 2027 (“fiscal 2027”), based on months of service, and will be determined by achievement of the Company’s pre-established performance goals. Ms. Johnson will also be eligible to participate in the Company’s long-term incentive (“LTI”) program and is expected to receive a fiscal 2027 LTI award with a target grant value of $4,500,000, of which 65% will be delivered in the form of performance share units (“PSUs”) and 35% will be delivered in time-vesting restricted stock units (“RSUs”). The RSU award will vest in four equal annual installments beginning on the first anniversary of the grant date, and the PSUs will vest subject to the achievement of the Company’s pre-established performance criteria over a three-year performance period. Ms. Johnson will also receive a special sign-on RSU grant with a grant date value of $1,500,000 that will vest in three equal annual installments beginning on the first anniversary of the grant date.
Johnson's compensation includes $1 million base salary, 125% target annual incentive (prorated for fiscal 2027), and $4.5 million target LTI award (65% PSUs, 35% RSUs). She also receives a $1.5 million sign-on RSU grant vesting over three years. The RSUs vest in four equal annual installments and PSUs vest based on three-year performance criteria.
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
A press release announcing the appointments of Ms. Johnson, as Chief Financial Officer of the Company, and Mr. Bonzani, as General Counsel and Secretary of the Company, is furnished as Exhibit 99.1 hereto and incorporated herein by reference.
The filing references the appointment of Elly Johnson as Chief Financial Officer, announced alongside Bonzani's appointment. The press release with additional details is attached as Exhibit 99.1.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
In connection with the appointment of Mr. Bonzani, the Compensation and Human Capital Committee of the Board set his annual base salary at $900,000, with an annual target incentive opportunity of 125% of base salary. Mr. Bonzani’s annual incentive award payout will be prorated for the fiscal year ended March 31, 2027 (“fiscal 2027”), based on months of service, and will be determined by achievement of the Company’s pre-established performance goals. Mr. Bonzani will also be eligible to participate in the Company’s long-term incentive (“LTI”) program and is expected to receive a fiscal 2027 LTI award with a target grant value of $2,500,000, of which 65% will be delivered in the form of performance share units (“PSUs”) and 35% will be delivered in time-vesting restricted stock units (“RSUs”). The RSU award will vest in four equal annual installments beginning on the first anniversary of the grant date, and the PSUs will vest subject to the achievement of the Company’s pre-established performance criteria over a three-year performance period. Mr. Bonzani will also receive a special sign-on RSU grant with a grant date value of $1,250,000 that will vest in three equal annual installments beginning on the first anniversary of the grant date.
Bonzani's compensation package includes a $900,000 base salary, 125% annual target incentive, and a fiscal 2027 long-term incentive award with a target value of $2,500,000 (65% PSUs, 35% RSUs). He will also receive a $1,250,000 sign-on RSU grant vesting over three years. The compensation structure aligns with typical executive-level packages and includes performance-based elements.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Ellen Johnson as incoming Chief Financial Officer ... Johnson will join Kyndryl on July 20 and assume the role of Chief Financial Officer on August 6. She joins from Interpublic Group (IPG), which was recently acquired by Omnicom, where she most recently served from 2020 to 2025 as Executive Vice President and Chief Financial Officer of IPG.
Kyndryl appointed Ellen Johnson as Chief Financial Officer, effective August 6, 2026. Johnson joins from Interpublic Group where she served as CFO from 2020 to 2025. Harsh Chugh will continue as Interim CFO through August 5, when the company plans to file its Q1 2027 earnings.
Added in current filing · verify on EDGAR →
Andrew Bonzani as General Counsel and Secretary ... Bonzani’s appointment is effective immediately. He joins Kyndryl with deep public company experience having served as Senior Vice President, General Counsel and Secretary at IPG since joining in 2012 and most recently as Executive Vice President and General Counsel from 2021 to 2025.
Kyndryl appointed Andrew Bonzani as General Counsel and Secretary, effective immediately. Bonzani served as General Counsel at Interpublic Group from 2012 to 2025 and previously worked at IBM in the legal department for 18 years. Mark Ringes returns to his role as Deputy General Counsel.
Added in current filing · view on EDGAR →
Harsh Chugh will continue to serve as Interim Chief Financial Officer through August 5 when Kyndryl plans to file its first-quarter 2027 earnings report and Form 10-Q. Chugh will remain at the company and assist with the transition.
The CFO transition is structured with Harsh Chugh remaining as Interim CFO through the Q1 2027 earnings filing on August 5, ensuring continuity through the quarterly reporting cycle. Chugh will stay with the company to assist with the transition after Johnson assumes the CFO role on August 6.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 10, 2026 · How we verify