IBM Chief Executive Officer Ginni Rometty will hand over the reins to Arvind Krishna, the head of the company’s cloud business
), and Rometty, a 40-year IBM veteran and one of the highest profile women in U.S. business, bet on acquisitions to cut the lead.
During her eight years at the helm, the Big Blue completed 65 acquisitions, culminating in the $34 billion deal for Red Hat last year - the biggest purchase in its 108-year history - while selling some of its legacy businesses. She leaves on a recent high note, days after IBM reported its first revenue growth in six quarters, but shares have lost about a quarter in value since she took charge, and the turnaround she began remains a work in progress.IBM will likely continue its trajectory under Krishna, but may pursue more small acquisitions in the cloud and analytics space, said Tim Hubbard, assistant professor at the University of Notre Dame and a former IBM consultant.
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