Prior to the announcement Daly was director of IBM Global Services in Ireland.
Daly joined IBM 17 years ago, working in IBM's SW Laboratory (IISL). For a period he was the technical support manager for IBM and IISL. Subsequently he was the technical services manager and IT availability services manager, before setting up the Global Services division.
The Global Services business is one of IBM's biggest businesses in Ireland, having grown from 80 employees to over 800, offering consultancy and outsourcing services to Irish companies.
Prior to joining IBM Daly worked in the financial services industry.
Daly's predecessor William Burgess retires after 35 years of service with IBM and 11 years as the managing director of IBM Ireland. He has been a member of the National Executive of IBEC since 1994, a board member of the Irish Management Institute (IMI), chairman of the eWork Action Forum since 1999 and is a non-executive director of Ulster Bank.
IBM employs 318,000 people worldwide and more than 4,000 people in Ireland. Apart from its sales, service and software development business, IBM has manufacturing facilities in Mulhuddart, County Dublin and a large call centre in Ballycoolin, County Dublin. Additionally it has a corporate treasury centre in the IFSC.
In mid-July IBM announced a profit of just USD0.03 per share for the second quarter after the technology giant took a USD2.1 billion charge. Its net income amounted to only USD56 million compared with USD2 billion, or USD1.15 a share, in the second quarter of 2001.