IBM's Ginni Rometty Steps Down as CEO--Update
30 Enero 2020 - 4:58PM
Noticias Dow Jones
By Kimberly Chin
International Business Machines Corp. said Chief Executive Ginni
Rometty is stepping down after a difficult eight-year run at the
top of the iconic technology company as she struggled to deliver
growth at a time other tech giants' fortunes blossomed.
Ms. Rometty, aged 62, will formally step down on April 6. She
will be replaced by Arvind Krishna, who heads the company's cloud
and cognitive software division, the company said on Thursday. Jim
Whitehurst -- the chief executive of Red Hat, the open-source
software giant that IBM acquired for approximately $33 billion last
year -- was appointed the company's president.
Ms. Rometty will continue as the company's board chairman
through the end of the year, at which time she will retire after
almost four decades with Big Blue, the company said. Ms. Rometty
has been one of the most high-profile female CEOs in business,
where the top ranks are still male dominated.
IBM shares rose more than 3% in aftermarket trading following
the announcement.
The new leadership appointments highlight how IBM is betting its
future on the booming cloud-computing field, where it has lagged
behind rivals such as Amazon.com Inc. and Microsoft Corp. IBM built
its success on providing technology to other companies. But IBM was
slow to adapt as corporations shifted from storing data on big
servers they owned to renting that computing capacity from service
providers, so-called cloud-computing.
Ms. Rometty in recent years has emphasized IBM would become a
forceful competitor in cloud-computing, but Big Blue still trails
its main rivals in cloud sales. IBM is the fifth-largest public
cloud infrastructure provider, according to research firm Gartner
Inc., with less than 2% market share.
Ms. Rometty has tried to jump-start cloud growth, largely with
the Red Hat, the largest acquisition in IBM's 108-year history. The
deal closed last year.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
January 30, 2020 17:43 ET (22:43 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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