Ginni Rometty is out as the CEO of IBM, and its cloud boss is replacing her - Business Insider

She'll be replaced by Arvind Krishna, currently IBM's senior VP for cloud, as of April 6th.

She will be replaced as chief executive by Arvind Krishna, currently IBM's senior vice president for cloud. That same day, Jim Whitehurst, CEO of IBM's Red Hat subsidiary, will step up as president of IBM. IBM bought Red Hat for $34 billion in a deal announced in late 2018, and which closed in July. Rometty praised Krishna's role in boosting the tech giant's position in the cloud, the trend that allowed businesses to set up their networks in web-based platforms run by the likes of Amazon, Microsoft and Google. The cloud made it possible for enterprises to scale down or even abandon private data centers which hurt the business of traditional enterprise tech players like IBM.

起个大早，赶个晚集

Well this is really huge now. Price target is like 500

Anything is possible!

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AT&T sets its future course after Q4 earnings - Business Insider - Business InsiderAT&T's mediocre Q4 2019 earnings shed light on the company's plan to intertwine its media and connectivity businesses while reducing its debt. super!
Source: BusinessInsider - 🏆 729. / 51 Read more »

LIVE: Microsoft earnings - Business InsiderAnalysts are watching for continued growth in Microsoft's cloud business, particular after the company scored a $10 billion Pentagon cloud contract.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The CEO behind Tinder, Match, and other dating apps is stepping down - Business InsiderGinsberg will be replaced by Shar Dubey, who is currently Match Group's president and the former chief operation officer for Tinder.
Source: BusinessInsider - 🏆 729. / 51 Read more »