ARMONK, N.Y. (AP) — IBM CEO Ginni Rometty is stepping down after nearly 40 years with the computing giant and eight years at its helm.
The company said Thursday that Arvind Krishna will take over as CEO starting April 6. Krishna has been IBM's senior vice president for cloud computing and cognitive software and also has a long career at the company.
IBM has been trying to revitalize its business to become a leader in cloud technology.
Cloud computing, in which services are delivered over the internet from remote computers, has become a growing portion of IBM's revenue. But the company has been overshadowed by top cloud rivals Amazon, Microsoft and Google in competing to sell its internet-based computing services to businesses.
Rometty will remain IBM's executive chairwoman until the end of the year.
The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer and f
For 30 years Ira Galtman’s job has been to document how American Express went from an express stagecoach company in New York in 1850, to what it is today.
The Good Charcoal Company offers eco-friendly, chemical-free charcoal sourced from Namibian acacia wood, promoting sustainable grilling practices nationwide.
After a few months of positive data, the Fed chair says he’s in no rush to cut rates – and this analyst says inflation could stick around for the near future.
