ARMONK, N.Y. - Ginni Rometty, the first female CEO in IBM’s century-long history, is leaving the helm in April. Rometty became IBM CEO eight years ago after previously overseeing sales and marketing. IBM has been trying to revitalize its business to become a leader in cloud technology. Cloud computing, in which services are delivered over the internet from remote computers, has become a growing portion of IBM’s revenue. In a risky effort to catch up to the competition, IBM announced in 2018 that it planned to spend $34 billion to buy North Carolina-based software company Red Hat.

Source: thestar January 30, 2020 22:43 UTC