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Arvind Krishna named IBM CEO as company fights for cloud business spot

IBM is a late entrant to the business of cloud services, a segment now dominated by Amazon and Microsoft.

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Arvind Krishna, who has been appointed IBM CEO, speaks at a Red Hat event in this screen grab of a video at a company event.

Munsif Vengattil | Reuters

2 min read Last Updated : Jan 31 2020 | 2:01 PM IST

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.

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 deal for Red Hat

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