Jim Whitehurst Steps Down As IBM President

Share post:

Current IBM Chairman and CEO, Arvind Krishna, announced Tuesday that Jim Whitehurst will step down as IBM President and he will step aside to become an IBM consultant.

Many observers of IBM and Red Hat assumed that Whitehurst, who played a crucial role in getting IBM and Red Hat to work on the same hybrid cloud site, among other things, would one day become CEO of the company.

While IBM and Red Hat flourished under Whitehurst’s leadership, with IBM’s total revenue of $25.1 billion up 20% and Red Hat’s revenue up 18%, it was no surprise that IBM shares fell about 4.4% after the company’s chairman announced his departure.

For more information, read the orignal story in ZDNet.

Featured Tech Jobs



Related articles

60% of U.S. adult users took a break from Twitter in 2022

A Pew Research Center survey of Twitter usage among U.S. adults discovered that 60% of adult users took...

Tesla’s CFO Zach Kirkhorn credited for company’s success

A Wall Street Journal investigation found that Zach Kirkhorn, Tesla's chief financial officer (CFO), is the driving force...

Digital workers struggling to find information, says Gartner

According to a new Gartner survey, digital employees experience difficulties in acquiring the information they need to do...

Gilbert Herrera named National Security Agency’s research chief

Gilbert Herrera, a former Sandia National Laboratories employee, has been named chief of the National Security Agency's (NSA)...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways