IBM Is Replacing Ginni Rometty After 8 Years of Rocky Results
There's a big shakeup brewing at IBM (NYSE: IBM). CEO and president Ginni Rometty will step aside in April, triggering a couple of high-level promotions in Big Blue's C-suite -- and a new era in the technology giant's illustrious history.
IBM's CEO-elect Arvind Krishna. Image source: IBM.
When Rometty bows out, her CEO title will fall to Arvind Krishna. He is currently serving as IBM's senior vice president for cloud and cognitive software, which has become the company's core competency in recent years. Krishna is also credited as the driving force behind IBM's $34 billion acquisition of open-source software pioneer Red Hat. Krishna's appointment basically ensures that IBM stays the course it has already traveled in recent quarters and years, which should make the transition smoother than the sudden strategy shift that occurred when Rometty took the CEO baton from Sam Palmisano in 2012.
Source Fool.com
