Rometty to step down as IBM CEO in April

Rometty to step down as IBM CEO in April

Rometty to step down as IBM CEO in April

Krishna, 57, who joined IBM in 1990, was the architect of the company's US$34 billion (A$50.6 billion) acquisition of Red Hat previous year.

Indian-American Arvind Krishna will take over as the CEO of IBM - the world's oldest technology company - as long-serving Virginia "Ginni" Rometty has made a decision to retire, the company announced on Friday. Krishna will succeed Rometty, 62 who will retire after nearly 40 years with the company at the end of the year, according to a PTI report.

Where did Arvind Krishna study?

Later, he completed Ph.D.in Electrical & Computer Engineering from the University of IL at Urbana-Champaign and joined IBM in 1990. Krishna was also elected to IBM's board of directors.

- In an interview https://www.cnnmoney.ch/shows/tech-talk/videos/quantum-computing-no-longer-science-says-ibm with CNN Money this week, he has predicted the commercial availability of quantum computers within this decade.

The deal appeared to lift IBM from its slump in the last quarter of 2019, when the 108-year-old company enjoyed a modest revenue bump owing to Red Hat's sales.

Until April, he will remain in his present role, in which role he is responsible for building the company's cloud and data platform. Prior to that, Krishna built and led many of IBM's data-related businesses.

"Arvind is the right CEO for the next era at IBM", said Rometty.

Arvind Krishna, 57, will now lead $121 billion worth IBM, globally. Gorsky said he is an ideal leader to succeed Rometty and take IBM and its clients into the next chapter of the cloud and cognitive era.

Jim Whitehurst, CEO of Red Hat - which IBM acquired previous year in a mega-deal - will become IBM's president on the same day.

Rometty will serve as executive chairman through 2020 and then retire.

"In Arvind and Jim, the Board has elected a proven technical and business-savvy leadership team", Rometty said in a statement.

Since Arvind heads the Cloud division, it is clear that IBM wants to bet heavily on the emerging market of Cloud technologies, and the best way forward is by appointing an expert of this domain.

Krishna, also the co-author of 15 patents, has been the editor of IEEE and ACM journals, News18 reported.

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