As per reports, IBM. Corp (IBM) is suing Patama Chantaruck its former top executive in its Thailand subsidiary, claiming Chantaruck should pay back nearly half a million dollars in bonus awards for accepting a job at Accenture, its rival company. In a lawsuit filed in federal court in New York, IBM alleged that Patama Chantaruck, breached her contract after she accepted a senior role with Accenture, which is IBM’s largest competitor in the Asia-Pacific region in terms of consulting revenue.
According to the suit, Chantaruck, who joined IBM in 2018, resigned last year and joined Accenture as Thailand managing director a month later, in April 2022. IBM claims it awarded her bonuses totaling more than $470,000 in exchange for Chantaruck safeguarding confidential company information and not involving in “competitive conduct within specific time periods.” The tech giant has asked Chantaruck to return the money, but reportedly she has refused.
Chantaruck is recognized as a top tech executive in Southeast Asia and spent many years working for Microsoft Corp. before she joined IBM. She has been named as one of the 24 Women of the Year in 2021, for The Bangkok Post along with former New Zealand Prime Minister Jacinda Ardern and Taiwan President Tsai Ing-Wen.
Dow 30 component International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. Please visit the Vista Partners IBM Coverage Page to learn more about International Business Machines Corp (IBM) and track its ongoing progress.
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