Krishna’s the latest addition to the list of Indian-origin CEOs helming big American companies. This includes Shantanu Narayen of Adobe, and non-tech firm CEOs, too, like Ajay Banga of MasterCard.

Tech talk

IBM’s outgoing head, Virginia “Ginny” Rometty, described Krishna as the “right CEO for the next era at IBM” and someone who was “well-positioned” to lead the company into the cloud and cognitive era.

“Through his multiple experiences running businesses in IBM, Arvind has built an outstanding track record of bold transformations and proven business results and is an authentic values-driven leader. He is well-positioned to lead IBM and its clients into the cloud and cognitive era,” she said in a statement.

Rometty’s eight-year-term was marred by struggles to rebuild IBM in the era of cloud computing. The announcement marked a long-overdue change in leadership, judging by the market’s response. IBM’s stock rallied 4% after hours. Krishna will take over on April 6. Rometty, 62, will then retire but serve as the board’s executive chairman.

The ongoing shuffle shows IBM is looking for more tech strength in its leadership positions. Days before Krishna’s appointment, Jim Whitehurst, CEO of Red Hat, was named IBM’s new president. “This new team, Arvind and Jim, bring more of an in-depth tech-savviness to the top, which is necessary in this rapidly changing technology industry,” Arvind Ramnani, an analyst at KeyBanc Capital Markets, told daily newspaper The Economic Times.

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