George Ugras has departed from IBM Ventures, the corporate venturing unit he headed, with Wendy Lung reportedly steeping up as acting head.
George Ugras has left his position as head of US-listed computing technology provider IBM’s corporate venturing unit, IBM Ventures, this month and is looking to set up a new venture capital fund.
Wendy Lung, a Global Corporate Venturing Rising Stars 2018 winner last month, is understood to be acting head of IBM Ventures according to a source, but declined to comment.
Ugras, who was unavailable for comment, had replaced Claudia Fan Munce as head of IBM Ventures after she announced…
