IBM shuffles the executive ranks with the departure of the president

International Business Machines Inc. said its second-highest-ranking executive, Jim Whitehurst, will leave the company two years after he joined through IBM’s $ 33 billion acquisition of cloud software provider Red Hat.

Whitehurst, who holds the title of president, will continue to serve as an advisor to the company after his departure, IBM said on Friday.

When Arvind Krishna was appointed CEO of IBM in January 2020, Whitehurst became its first president in decades as the company worked to boost its cloud computing business.

Whitehurst was seen as a potential candidate for the highest position at IBM. The company did not name a new president on Friday.

Shares of IBM fell about 4% on the news.

Source: WSJ

Add Comment