IBM has announced its long servicing CEO, Ginni Rometty’s retirement. Ginni was serving the company since Jan. 1, 2012. IBM has marked the ending of Ginni’s tenure and entry of Arvind Krishna. Arvind has been associated with IBM since a lot of time as he worked as an IBM Executive.
Also, Jim Whitehurst will take up the position of IBM President, he was previously serving as a CEO for Red Hat Inc. All these changes will come in action by April 6, 2020.
Rometty, 62 has served the company as a CEO and President for four decades now.
During Rometty’s tenure with IBM the stock of the company declined to 25% as she could not keep up to the changing technologies of cloud computing.
The to be CEO Krishna has been working as the IBM’s vice president of cloud and cognitive software. Arvind is also said to be holding the position of the principal architect for Redhat Acquisition which was completed in July 2019.
Appreciating Arvind Krishna’s skills and knowledge Rometty said-
“Arvind has grown IBM’s Cloud and Cognitive Software business and led the largest acquisition in the company’s history,”.
She further added,
Through his multiple experiences running businesses in IBM, Arvind has built an outstanding track record of bold transformations and proven business results and is an authentic, values-driven leader. He is well-positioned to lead IBM and its clients into the cloud and cognitive era.”
The company has already seen a bright future with Arvind Krishna, now hoping to achieve much more.
Let’s see how the performance pf the company changes with the new CEO.