January 31 - 09:01
IBM CEO Ginni Rometty to step down
Ginni Rometty is stepping down as CEO of IBM after eight years. Rometty led the firm away from its mainframe business but ultimately struggled to transform it for the cloud era. She will be replaced by Arvind Krishna, currently SVP for Cloud and Cognitive Software. "Arvind is the right CEO for the next era at IBM," said Rometty. Rometty will retire after almost 40 years in total with IBM.
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