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After a quarter century in-house, Lawrence Ricciardi has called it quits. Ricciardi, 62, laughs when asked why he did it and says, “Old age.” But after spending seven years as GC of International Business Machines Corporation (four more than he had bargained for), Ricciardi says that his departure “just made sense.” What’s more, he says, he was motivated to make a change because his longtime colleague CEO Louis Gerstner, Jr. (whom he previously advised at RJR Nabisco, Inc., and American Express Company) has also left. Now Ricciardi is dividing his time as a senior adviser at Jones Day and the Paris-based investment bank Lazard. He also serves as a member of the corporate boards of Royal Dutch Petroleum Company and The Reader’s Digest Association, Inc. Ricciardi, who has worked with Jones Day for over three decades, is now helping the firm develop a coherent growth strategy. He will provide similar growth guidance at Lazard. But most importantly, he plans to spend time visiting his two new grandchildren, one in Japan, and the other in San Francisco. Lucky for him, Jones Day has offices in both places. – Heather Smith

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