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%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

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
Source: BusinessInsider - 🏆 729. / 51 Read more »