- International Business Machines Corp IBM President Jim Whitehurst is stepping down. Whitehurst was previously the CEO of Red Hat, which IBM had acquired in 2019.
- Bridget van Kralingen will depart as SVP, Global Markets, and Rob Thomas will succeed Kralingen, Street Insider reports.
- Tom Rosamilia will become SVP, Cloud and Cognitive Software.
- Ric Lewis has joined IBM and will serve as SVP of Systems.
- Kelly Chambliss is promoted SVP, Americas and Strategic Sales, Global Business Services.
- Roger Premo will head a newly constituted business development team, which integrates corporate strategy.
- Price action: IBM shares traded lower by 4.68% at $139.95 on the last check Friday.
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