IBM CEO Virginia Rometty Steps Down

Arvind Krishna was named as her replacement

Virginia Rometty is leaving her post as CEO of IBM.

Arvind Krishna will take her place. Until now, Krishna served as IBM’s svp for cloud and cognitive software. James Whitehurst, the CEO of cloud computing company Red Hat, which IBM acquired for $34 billion last year, will become IBM’s president.

Rometty has held the top job at IBM since 2012, and was the first woman to hold the position at the company. She’s been with IBM for over 40 years, and will retain a role as executive chairman of the board through the end of the year, after which she will retire.

Rometty’s time at the helm of the tech giant can be characterized as a time of expansion and acquisition.



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