Under Rometty, who was named CEO in 2012, IBM has acquired 65 companies, reinvented more than 50% of IBM's portfolio, built a $21 billion hybrid-cloud business and established IBM's position in AI, quantum computing and blockchain, IBM stated. Rometty will remain as executive chairman until the end of 2020 and then retire after some 40 years at the company.
Red Hat CEO Becomes IBM Chairman
Paul Cormier: Surprisingly not that much, to tell you the truth. Big partnerships and the partner ecosystem are a really big part of our platform success. [Krishna] knew from the beginning and continues to know, the only way that we could keep intact was for IBM to take a neutral stance. So we haven't integrated anything into the company. Our numbers roll up through IBM. I see [Krishna] as chairman of the board -- that's the relationship we have. But they've never gotten involved with our strategy, with our operations, with where we're going or where we should go. The way he characterized it is that IBM can be opinionated on Red Hat, but it can't be the other way around.
Hicks explained that Red Hat Enterprise Linux, a product that Cormier helped to bring to market nearly two decades ago, created that foundational platform for enterprises to run applications. With OpenShift, which runs on Red Hat Enterprise Linux, the platform becomes broader, supporting distributed workloads that can run on-premises and across multiple cloud providers.
Virginia Rometty, IBM chairman, president and current chief executive officer, will continue as executive chairman of the Board and serve through the end of the year, when she will retire after almost 40 years with the company.
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