Kyndryl Sinks as CFO Departs, Accounting Review Disclosed (2)

Shares of Kyndryl Holdings Inc., an International Business Machines Corp. spinoff, plunged Monday after the company announced key leadership exits and a review of its accounting practices.

The stock fell a record 55% to close at its lowest level since December 2022 on news that Kyndryl Chief Financial Officer David Wyshner had left the position and that General Counsel Edward Sebold departed the post, effective immediately. On the same date, Vineet Khurana stepped down as senior vice president and global controller of the company and moved to a different role.

The enterprise technology company also said it received ...