News Formal

Wall Street analysts pushed for IBM CEO Ginni Rometty to retire - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Wall Street analysts and pundits were pushing for Ginni Rometty to retire as CEO, even after a killer quarter and promises for more growth

This story requires our BI Prime membership. To read the full article,The announcement that Ginni Rometty was retiring as CEO of IBM was long-awaited, but still came as a surprise given the timing.

Earlier this month, IBM announced earnings that were ahead of estimates, in a positive sign that Rometty's strategy was bearing fruit. In the days that followed IBM's good news earnings announcement, pundits and analysts were still calling for her head, and the stock gains were short lived.IBM on Thursday announced that CEO Ginni Rometty was going to retire from the CEO role in April, and named 29-year veteran Arvind Krishna as her successor. Rometty will stay on as executive chairman through the end of 2020.

She also made a point of emphasizing "margin expansion," meaning that IBM was now making more profit from its younger, higher-growth units, too.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Ginni Rometty is out as the CEO of IBM, and its cloud boss is replacing her - Business InsiderGinni Rometty is out as the CEO of IBM, and its cloud boss is replacing her Anything is possible! Well this is really huge now. Price target is like 500 起个大早，赶个晚集
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »