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Arvind Krishna: 6 Reasons IBM Is ‘Positioned To Lead’ Hybrid Cloud, AI

In a letter to investors highlighting some of the biggest opportunities ahead, the IBM CEO pointed to Red Hat OpenShift, reimagined workflows with AI and working with partners to drive consumption.

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The Latest On NewCo

Many will be watching what 2021 holds for NewCo, the new company that will be created later this year when IBM spins off its managed infrastructure services business. Krishna said NewCo will have more than 4,600 clients at the start, including 75 percent of the Fortune 100, and will remain IBM’s preferred partner for infrastructure management. “In a business where scale matters, ‘NewCo’ will be the biggest in its field,” Krishna wrote in the letter to investors.

IBM recently tapped Martin Schroeter (pictured) to be CEO of NewCo. Schroeter was most recently senior vice president, global markets at IBM—a job he held starting in December 2017. There he was responsible for IBM’s global sales, client relationships and satisfaction, and worldwide geographic operations. Previously, Schroeter held a number of executive positions at IBM, including serving as IBM’s CFO between 2014 and 2017.

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