New Delhi: International Business Machines Corp President Jim Whitehurst has stepped down from his position. Whitehurst, however, will continue to work as senior adviser to Chief Executive Officer Arvind Krishna and the rest of the executive leadership team, IBM said.
Whitehurst, 53, is the former CEO of Red Hat Inc., which IBM announced it was acquiring in 2018 in a $33 billion deal orchestrated by Krishna.
Whitehurst’s departure is one of several management moves IBM announced on Friday. Whitehurst “decided to step down,” IBM said, and he will continue working as a senior adviser. IBM didn’t announce a replacement. IBM shares tumbled 4.8% to $139.83 on the news.
Whitehurst was appointed president last April, the first time in decades that IBM separated the roles of CEO and president. His experience in cloud and cognitive software was viewed as a complement to Krishna, a longtime IBM executive.
Comments are closed.