George Ugras replaces Claudia Fan Munce, who announced her retirement from IBM at the end of January during the Global Corporate Venturing and Innovation Summit.

George Ugras (pictured), former general partner and advisor at venture capital firm Frost Data Capital, has joined New York-listed technology company IBM as managing director of its corporate venturing unit.

Ugras replaces Claudia Fan Munce, who announced her retirement from IBM at the end of January during the Global Corporate Venturing and Innovation Summit.

In an interview with Global Corporate Venturing (GCV) embargoed until today, Ugras said: “I have been engaged with the corporate venturing community for many years and…