International Business Machines Corp. stated that its second-highest-ranking executive, Jim Whitehurst, is leaving the company two years after he joined through IBMâs $33 billion acquisition of cloud software provider Red Hat.Mr. Whitehurst, who has held the title of president, will continue to serve as an advisor to the company after his departure, IBM stated on Friday.When Arvind Krishna was named chief executive of IBM in January 2020, Mr. Whitehurst became its first president in decades, as the company worked to increase its cloud-computing business.Mr. Whitehurst was seen as a potential contender for the top job at IBM. The company didnât name the new president on Friday.IBMâs shares dropped roughly 4$ following the news.
IBM Shuffles Executive Ranks With Departure of President
Published by
July 25, 2024 2:51 PM
(GMT+2)
WHATÂ TOÂ READÂ NEXT
No items found.
STOCKÂ ANALYSIS
%202.png)
.png)
.png)
MARKETÂ OVERVIEW
SIMILARÂ NEWS
Ready to get started?
Start trading with the full package, from state of the art platform to free tool and favorable transaction fees.
All investments involve risks, including the possible loss of capital
ÂŠď¸ MEXEM AFRICA (PTY) LTD (MEXEM AFRICA) is an authorized financial services provider (FSP 48325). All trades on the MEXEM AFRICA platform are subject to the legal terms and conditions to which you agree to be bound.
The MEXEM AFRICA platform enables users to invest in securities. MEXEM AFRICA acts as an agent for the issuance of whole shares, where the investor is the registered owner of those shares, entitled to dividends, participation in corporate actions, and all the economic benefits and risks associated with share ownership.
The availability of any share on the MEXEM AFRICA platform is based on various factors but is not an indication of value and does not mean that any share is an appropriate investment for you. Images are for illustrative purposes only and past performance is not necessarily an indication of future performance.
â
The availability of any share on the browse shares page does not necessarily indicate any contractual relationship between MEXEM AFRICA and the listed company or the payment of fees for services. Brand logos are owned by the respective companies and not by MEXEM AFRICA. The use of a companyâs brand logo does not represent an endorsement of MEXEM AFRICA by the company, nor an endorsement of the company by MEXEM AFRICA, nor does it necessarily imply any contractual relationship. Further investment disclosures are available on the MEXEM AFRICA website.
Read our Forms & Disclosures.
