IBM’s CEO Virginia Rometty to be replaced by its cloud, Red Hat chiefs

By GIXnews

If anyone was still wondering how serious IBM is about being a major cloud player that question was resoundly answered this week when its current cloud and cognitive-software leader Arvind Krishna and Red Hat CEO Jim Whitehurst to be CEO and president, respectively, to replace long-time CEO Virginia Rometty.

Krishna, 57, was a principal architect of IBM’s $34 billion acquisition of Red Hat last year and is currently IBM’s senior vice president of Cloud and Cognitive Software, which has become the company’s palpable future.

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The Red Hat acquisition not only made Big Blue a bigger open-source and enterprise-software player, but mostly it got IBM into the lucrative hybrid-cloud business, targeting huge cloud competitor Google, Amazon and Microsoft among others. Gartner says that market will be worth $240 billion by next year.

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Source:: IT news – Networking