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.

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