58 Indian-origin CEOs account for $1 trillion in revenue, employ over 3.6 million globally

After Microsoft CEO Satya Nadella and Google CEO Sundar Pichai, an IIT Kanpur graduate Arvind Krishna is set to become the third Indian to head a US-based multinational company.

Arvind Krishna will take over as chief executive officer of International Business Machines Corp (IBM) in April.

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Arvind has an undergraduate degree from the Indian Institute of Technology, Kanpur (IITK) and a PhD from the University of Illinois at Urbana-Champaign.

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Breaking news: 
 
Arvind Krishna elected as IBM Chief Executive Officer 
Jim Whitehurst elected IBM President 
Ginni Rometty continues as Executive Chairman of the Board 
 
Learn more: <a href="https://t.co/h3YxxNZIPq">https://t.co/h3YxxNZIPq</a> <a href="https://t.co/AbcLzM4dbK">pic.twitter.com/AbcLzM4dbK</a>
— IBM (@IBM) <a href="https://twitter.com/IBM/status/1223026975171928069?ref_src=twsrc%5Etfw">January 30, 2020</a></blockquote>
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"I am thrilled and humbled to be elected as the next Chief Executive Officer of IBM, and appreciate the confidence that Ginni and the Board have placed in me," said Krishna.&nbsp;

Krishna, 57, was a principal architect of the company’s purchase of Red Hat, which was completed last year.

As of now, Senior Vice President at IBM, Krishna's duties incorporate the IBM Cloud, IBM Security and Cognitive Applications business, and IBM Research.&nbsp;

Krishna who joined IBM in 1990 was head supervisor of IBM's Systems and Technology Group's improvement and assembling association. Preceding that, he manufactured and drove a large number of IBM's information related organizations.

Krishna has replaced longtime CEO Virginia Rometty.

"Arvind is the right CEO for the next era at IBM," the IBM statement quoted outgoing CEO Rometty as saying.

"He is a brilliant technologist who has played a significant role in developing our key technologies such as artificial intelligence, cloud, quantum computing, and blockchain. He is also a superb operational leader, able to win today while building the business of tomorrow," she said.

"Arvind has grown IBM's Cloud and Cognitive Software business and led the largest acquisition in the company's history. Through his multiple experiences running businesses in IBM, Arvind has built an outstanding track record of bold transformations and proven business results and is an authentic, values-driven leader. He is well-positioned to lead IBM and its clients into the cloud and cognitive era," Rometty further said.

(With inputs from agencies)

After Microsoft CEO Satya Nadella and Google CEO Sundar Pichai, an IIT Kanpur graduate Arvind Krishna is set to become the third Indian to head a US-based multinational company.

After Microsoft CEO Satya Nadella and Google CEO Sundar Pichai, an IIT Kanpur graduate Arvind Krishna is set to become the third Indian to head a US-based multinational company. Arvind Krishna will take over as chief executive officer of International Business Machines Corp (IBM) in April. Also read: United States defence chief rejects Amazon's accusations of bias in cloud contract Arvind has an undergraduate degree from the Indian Institute of Technology, Kanpur (IITK) and a PhD from the University of Illinois at Urbana-Champaign. Breaking news: Arvind Krishna elected as IBM Chief Executive Officer Jim Whitehurst elected IBM President Ginni Rometty continues as Executive Chairman of the Board Learn more: https://t.co/h3YxxNZIPq pic.twitter.com/AbcLzM4dbK — IBM (@IBM) January 30, 2020 × "I am thrilled and humbled to be elected as the next Chief Executive Officer of IBM, and appreciate the confidence that Ginni and the Board have placed in me," said Krishna. Krishna, 57, was a principal architect of the company’s purchase of Red Hat, which was completed last year. As of now, Senior Vice President at IBM, Krishna's duties incorporate the IBM Cloud, IBM Security and Cognitive Applications business, and IBM Research. Krishna who joined IBM in 1990 was head supervisor of IBM's Systems and Technology Group's improvement and assembling association. Preceding that, he manufactured and drove a large number of IBM's information related organizations. Krishna has replaced longtime CEO Virginia Rometty. "Arvind is the right CEO for the next era at IBM," the IBM statement quoted outgoing CEO Rometty as saying. "He is a brilliant technologist who has played a significant role in developing our key technologies such as artificial intelligence, cloud, quantum computing, and blockchain. He is also a superb operational leader, able to win today while building the business of tomorrow," she said. "Arvind has grown IBM's Cloud and Cognitive Software business and led the largest acquisition in the company's history. Through his multiple experiences running businesses in IBM, Arvind has built an outstanding track record of bold transformations and proven business results and is an authentic, values-driven leader. He is well-positioned to lead IBM and its clients into the cloud and cognitive era," Rometty further said. (With inputs from agencies)

Arvind Krishna, an IIT Kanpur graduate to take over as CEO of IBM

International Business Machines Corp Chief Executive Officer Ginni Rometty will hand over the reins to the head of the company`s cloud business, as the pioneer tech company continues its efforts to rejuvenate itself.

<a href="https://www.wionews.com/india-news/arvind-krishna-an-iit-kanpur-graduate-to-take-over-as-ceo-of-ibm-277630">Also read: Arvind Krishna, an IIT Kanpur graduate to take over as CEO of IBM</a>

The company was a late entrant to the business of cloud services, a segment now dominated by Amazon.com Inc and Microsoft Corp, 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 (26 billion pounds) 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.

Arvind Krishna, 57, who spearheaded the Red Hat deal, will take over in April.

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.

Shares of the company were up nearly 5% in extended trading.

IBM also said Red Hat CEO James Whitehurst will become its president.

Rometty, 62, will continue as executive chairman and will retire at the end of the year.

"Arvind is the right CEO for the next era at IBM," Rometty said in a statement.

International Business Machines Corp Chief Executive Officer Ginni Rometty will hand over the reins to the head of the company`s cloud business, as the pioneer tech company continues its efforts to rejuvenate itself.

International Business Machines Corp Chief Executive Officer Ginni Rometty will hand over the reins to the head of the company`s cloud business, as the pioneer tech company continues its efforts to rejuvenate itself. Also read: Arvind Krishna, an IIT Kanpur graduate to take over as CEO of IBM The company was a late entrant to the business of cloud services, a segment now dominated by Amazon.com Inc and Microsoft Corp, 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 (26 billion pounds) 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. Arvind Krishna, 57, who spearheaded the Red Hat deal, will take over in April. 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. Shares of the company were up nearly 5% in extended trading. IBM also said Red Hat CEO James Whitehurst will become its president. Rometty, 62, will continue as executive chairman and will retire at the end of the year. "Arvind is the right CEO for the next era at IBM," Rometty said in a statement.

IBM's first female CEO Ginni Rometty to step down in April

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58 Indian-origin CEOs account for $1 trillion in revenue, employ over 3.6 million globally

Arvind Krishna, an IIT Kanpur graduate to take over as CEO of IBM

IBM's first female CEO Ginni Rometty to step down in April