(Reuters) – International Business Machines Corp (IBM.N) on Monday named former Bank of America Corp (BAC.N) top technology executive Howard Boville head of its cloud business, as Arvind Krishna takes over from long-time chief Ginni Rometty.

Arvind, known by his first name, headed the Big Blue’s fast-growing cloud business before his elevation as chief executive officer in late-January.

As chief technology officer of Bank of America, Boville was responsible for building and running the second largest U.S. bank’s cloud services.

IBM said in November it had created a financial services-specific cloud technology in collaboration with Bank of America.

Arvind, the key architect of IBM’s $34 billion Red Hat acquisition last year, made the announcements in a letter to employees as he took charge on Monday.

The company also appointed Paul Cormier as the new chief executive officer of Red Hat, succeeding Jim Whitehurst, who was named IBM’s president in late-January.

Reporting by Munsif Vengattil in Bengaluru; Editing by Sriraj Kalluvila

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Coronavirus Is Killing China’s Factories (And Creating Economic Chaos)

This looks like the end of China’s central role in global supply chains. A microbe in China—and the response of a totalitarian government—is killing it. Americans are angry. “I was on the phone with leaders from several hospitals in New…

‘Neutron’ Jack Welch, who led GE’s rapid expansion, dies at 84

NEW YORK (Reuters) – Jack Welch, who grew General Electric Co (GE.N) during the 1980s and 1990s into the most valuable public company in the United States, has died at age of 84, the conglomerate said on Monday. Welch –…

Toyota raises annual forecast on cost cuts, healthy sales

TOKYO — Japan’s top automaker Toyota raised its annual forecast Thursday after cost cuts and healthy sales quadrupled quarterly profits from the previous year. As with other businesses that have operations in China, the threat of the virus outbreak remains.…

Diversity in Hollywood films hit a milestone last year, but Latino actors still lag far behind, new study finds

New York (CNN Business)The number of speaking roles for non-White actors in major Hollywood films reached a record high in 2019, but on-screen representation for Latinos and women of color still lags far behind other groups, according to a new…