Now they are combining a management reorganization with another business restructuring.

Investors reacted favorably to the management reorganization and plan to spin off Sprague.

The company said the gain was partially offset by unspecified expenses related to a management reorganization.

I.B.M. announced yesterday that it was splitting the responsibilities for leading its big services unit in a management reorganization.

Mr. Ridley's departure had been widely expected since a management reorganization of the company last month effectively left him without daily management responsibilities.

But, he said, the management reorganization would only begin next January "and will happen progressively in the course of next year."

But she lost that job in February in a management reorganization, her first layoff in nearly 30 years of constant employment.

Mr. Jordan's announcement explained the strategy behind the management reorganization but not the timing - which could prove disruptive.

The management reorganization leaves the company with no clear successor to its current chief executive, Peter R. Kann, who is also chairman.

The company said its management reorganization was intended to move accountability and decision-making downward.