New CEO at IBM – the previous cloud boss takes over

IBM is changing its boss and is clearly setting the course for cloud computing and artificial intelligence:

Arvind Krishna will succeed Ginni Rometty, who will retire in April.

IBM’s press release once again gives a detailed account of Ginni Rometty’s achievements. Under her leadership, IBM acquired 65 companies in order to establish and expand the areas of hybrid cloud and artificial intelligence, among others. She thus repositioned half of the IBM portfolio. According to IBM, the hybrid cloud business alone is now worth 21 billion US dollars.

However, according to the Handelsblatt, this means that during her time as CEO, sales also fell by 25%. The share price fell by 20% during this period – the acquisitions were “without sustainable economic success”, according to the Handelsblatt.

Now it is up to Arvind Krishna, the former Cloud & Cognitive CEO of IBM, to set the ball rolling and boost the topic of cloud computing.

The parallels to Microsoft are also very interesting: there it was Satya Nadella – also: Indian / from the second row / with great technology expertise / former head of the Cloud Computing division – who very successfully led Microsoft out of the crisis.

IBM is now certainly hoping for a similarly successful story!

Also interesting: Why is Amazon so successful? A detailed analysis of Jeff Bezos‘ master plan

Picture: IBM

Note: This is a machine translation. It is neither 100% complete nor 100% correct. We can therefore not guarantee the result.