Rometty out
Ginni Rometty will step down as IBM's chief executive, to be replaced by cloud SVP Arvind Krishna. Rometty has been with Big Blue for four decades, and a host of other top CEOs paid tribute to her yesterday. But IBM's share price has fallen 15% during her seven-year tenure as CEO, and the bump to that price on the news of her departure signaled investors' pleasure at the prospect of a new chapter. Fortune
Ginni Rometty will step down as IBM's chief executive, to be replaced by cloud SVP Arvind Krishna. Rometty has been with Big Blue for four decades, and a host of other top CEOs paid tribute to her yesterday. But IBM's share price has fallen 15% during her seven-year tenure as CEO, and the bump to that price on the news of her departure signaled investors' pleasure at the prospect of a new chapter. Fortune