

Please try another search
(Reuters) - International Business Machines Corp's (N:IBM) Ginni Rometty, the first woman chief executive of the tech pioneer, will be replaced in April by the head of its fast-growing cloud business, Arvind Krishna.
While the leadership change was largely expected, Wall Street analysts were surprised by the timing and the choice of Krishna as the CEO.
"We believe the frontrunners in most investors' minds had been either Jim Whitehurst (former CEO of Red Hat) or former CFO Martin Schroeter," said Bernstein analyst Toni Sacconaghi.
Here are some facts about the CEO-to-be, who has spent nearly three decades with the Big Blue.
- Krishna has an undergraduate degree from the Indian Institute of Technology, Kanpur, India, and a Ph.D. from the University of Illinois at Urbana-Champaign.
- He is IBM's 10th https://newsroom.ibm.com/former-CEOs chief executive in the company's 108-year-old history.
- Krishna started his career in IBM's Watson Research in December 1990 and was part of the team until July 2009, according to his LinkedIn (NYSE:LNKD) profile https://www.linkedin.com/in/arvindkrishna.
- In 2013, he was named general manager of IBM Systems and Technology Group's development and manufacturing organization, responsible for developing and engineering advanced semiconductor materials.
- Krishna is known as the "principal architect" of IBM's biggest acquisition ever, Red Hat, which the company bought for $34 billion last year.
- In an interview https://www.businessinsider.com/ibm-hybirid-cloud-red-hat-arvind-krishna-2019-7/?r=AU&IR=T with Business Insider in August last year, he said the hybrid cloud market could be worth about $1.2 trillion in aggregate in the future.
- In an interview https://www.cnnmoney.ch/shows/tech-talk/videos/quantum-computing-no-longer-science-says-ibm with CNN Money this week, he has predicted the commercial availability of quantum computers within this decade. It is "no longer science fiction", he said.
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Treasury Department on Thursday issued new Hezbollah-related sanctions, designating Lebanese businessman and the Iran-backed...
By David Shepardson WASHINGTON (Reuters) -The Google search engine collects data on users who think they can be anonymous if they use a "private browsing" mode, Texas Attorney...
By Manas Mishra and Michael Erman (Reuters) -An advisory panel to the U.S. Centers for Disease Control and Prevention (CDC) on Thursday voted to recommend COVID-19 vaccine booster...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.