New IBM CEO latest in changes at tech companies

Apple, Hewlett-Packard, and Yahoo were prominent companies that witnessed CEO changes

IBM's announcement Tuesday that company veteran Virginia Rometty will take over on Jan. 1 as president and CEO from Sam Palmisano is the latest in high-profile changes at the top in key technology companies, including Apple, Yahoo, and Hewlett-Packard.

Tim Cook took over from Steve Jobs as CEO of Apple in August after Jobs' poor health did not permit his continuation in the position, raising questions whether he can provide the leadership and vision provided by Jobs to the company

Jobs, who moved to the position of chairman, died on Oct. 5. Cook was previously chief operating officer at Apple, and was recommended to be the next CEO by Jobs.

Palmisano has been CEO for nearly a decade and turned 60 this year, and was widely expected to hand over charge to a new CEO. He retains the role of chairman. The transition is expected to be smooth without major changes, as Rometty has a good understanding of IBM's software, services and hardware business, an analyst said.

While the transitions at IBM and Apple appear to have been relatively uncomplicated, and happened when the companies were doing well, there were changes of guard at Yahoo and Hewlett-Packard which were stormy, and followed uncertainties about the future of these companies, which still continue.

Hewlett-Packard CEO, Leo Apotheker was replaced in September by HP director and former eBay CEO Meg Whitman, less than a year after he took the job, after the company missed its financial targets in three quarters. Apotheker's planned purchase of infrastructure software vendor Autonomy and talk of evaluating options for the PC division were also controversial. The spin off of the PC division is still under review, according to reports.

Carol Bartz was "fired over the phone" as CEO of Yahoo in September, after the lackluster performance of the company, including the failure of its 10-year search agreement with Microsoft to live up to expectations. Bartz is also said to have mishandled Alibaba Group's spin off of payment unit Alipay to a company controlled by Jack Ma, the CEO and founder of Alibaba. Yahoo owns about 43 percent of Alibaba.

Yahoo has yet to find a new CEO. The company's chief financial officer, Tim Morse is currently the interim CEO. Yahoo is now rumored to be the target of acquisition of a number of companies including Microsoft. Alibaba's Ma has said recently that his company is interested in acquiring Yahoo.

John Ribeiro covers outsourcing and general technology breaking news from India for The IDG News Service. Follow John on Twitter at @Johnribeiro. John's e-mail address is john_ribeiro@idg.com

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags internettabletsbusiness issuesAppleIBMsoftwareHewlett-PackardYahoohardware systemspersonnelrestructuringlaptops

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John Ribeiro

IDG News Service
Show Comments

Essentials

Mobile

Exec

Budget

Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?