Rometty to step down as IBM CEO in April

Rometty to step down as IBM CEO in April

The US-based information technology giant International Business Machines Corp (IBM) on Friday elected Arvind Krishna, an Indian-origin technology executive, as the next Chief Executive Officer (CEO) of the company.

Rometty, in a prepared statement, called Krishna the right CEO for IBM's next era.

In April, IBM will be getting a new CEO.

Where did Arvind Krishna study?

He has done PhD in electrical engineering from the University of IL at Urban-Champaign. An IBM veteran who joined the company 30 years back, Krishna did his schooling from Stanes Higher Secondary School in Bedford, Coonoor.

- In an interview with CNN Money this week, he has predicted the commercial availability of quantum computers within this decade.

IBM credited Rometty with reinventing more than 50 percent of IBM's portfolio following acquisitions of 65 companies and extensive in-house research and development efforts.

Rometty will continue as executive chairperson and retire at the end of the year.

IBM is naming Red Hat CEO James Whitehurst as IBM's president, also starting April 6.

"In Arvind and Jim, the Board has elected a proven technical and business-savvy leadership team", Rometty said in a statement.

Arvind Krishna, 57, will now lead $121 billion worth IBM, globally. "He is well-positioned to lead IBM and its clients into the cloud and cognitive era". "After working with our clients, IBMers and Red Hatters over the past months, I am even more convinced of that opportunity today".

"The board ran a world-class succession process and found in Arvind a leader with the business acumen, operational skills and technology vision needed to guide IBM in this fast-moving industry".

Whitehurst, meanwhile, has made a name for himself over the past decade developing Red Hat into an open source and cloud software dynamo - a track record that also positions him well to help lead IBM to a future in which cloud is likely to become the dominant feature.

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