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30 Notable IT Executive Moves: January 2020

The first month of 2020 saw executive shakeups at IT juggernauts like IBM, McAfee and WiPro while companies like Oracle, AMD and Amazon Web Services also made major moves.

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Virginia Rometty

Virginia Rometty, who led IBM during a tough period of financial decline, has decided to step away from her CEO role to become executive chairman before retiring by the end of the year, IBM announced.

IBM said Arvind Krishna, currently the company's senior vice president for cloud and cognitive software, will take over as CEO, while James Whitehurst, currently senior vice president of IBM and CEO of Red Hat, will move up to become president of IBM.

Rometty in 2012 became IBM's chairman, president and CEO, and in the past seven-plus years led IBM to acquire 65 companies, including its $34 billion acquisition of Red Hat, and develop strong cloud and AI capabilities. However, she also presided over a time of financial difficulties for IBM. The company's annual revenue peaked in 2011 at just shy of $107 billion. However, the revenue decline has been moderating, and IBM in the fourth fiscal quarter of 2019 broke a five-quarter streak in revenue declines with revenue of $ 21.8 billion, up 0.1 percent over fourth fiscal quarter 2018.

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