IBM’s big bet on cloud computing, AI and open source needs to pay off soon


And so, after eight years spent leading one of the world’s oldest and most famous technology businesses, IBM’s CEO Ginni Rometty will step down in April. Stepping up to the CEO role is Arvind Krishna, who currently serves as the senior VP for the company’s cloud and cognitive software unit.

When the news came out on Thursday, IBM’s shares jumped as much as 5%. Fingers can easily be pointed at Rometty’s mixed legacy: during her tenure, the company’s stock price dropped over 25% and – while the company has been keen to trumpet its artificial intelligence work (in the form of IBM Watson), and its reinvention as a cloud company (thanks to Red Hat) – there is still plenty of work to do if IBM is to ever approach its former glories.

[Source: ZDNet]