Hasta La Gadget!

IBM’s board of directors have announced that Virginia M. Rometty will be taking over as CEO of the company in 2012, succeeding current chief Samuel Palmisano. Palmisano will stay on as chairman of the board, but at the end of the year will hand over the reins to Rometty who will become one of a few, but growing number of female chief executives (alongside Meg Whitman) in the tech industry. During her roughly decade long tenure with the company she has spearheaded the push into the services industry and in 2009 became senior vice president of sales, marketing and strategy, leading the charge into markets like China and India. The 54-year-old Rometty will look to continue Palmisano’s success, which has seen IBM become the second most valuable tech company in the world, just ahead of Microsoft and right behind Apple. Check out the full PR after the break.

Continue reading IBM announces Virginia Rometty as new CEO

IBM announces Virginia Rometty as new CEO originally appeared on Engadget on Tue, 25 Oct 2011 17:18:00 EDT. Please see our terms for use of feeds.

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Steve Jobs was initially opposed to apps, new biography reveals originally appeared on Engadget on Fri, 21 Oct 2011 07:37:00 EDT. Please see our terms for use of feeds.

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We’re very sorry to report that Robert W. Galvin, former chairman and CEO of Motorola, died this week in Chicago at the age of 89. Over the course of his nearly three-decade tenure at the helm, Galvin oversaw Motorola’s transformation from a mid-level radio and walkie talkie manufacturer into one of the world’s leading electronics makers. In the process, he cemented his legacy as one of the industry’s most forward-looking executives. The Marshfield, Wisconsin native first joined the company as a stockroom apprentice in 1940, and would go on to spend his entire career there (save for a tour of duty in World War II). He was named chairman and chief executive in 1959, following the death of his father and company founder Paul Galvin. Under the younger Galvin’s stewardship, Motorola expanded the depth and breadth of its operations, moving into emerging markets and focusing much of its efforts on the burgeoning cellular industry. Galvin spearheaded this transition, which saw Motorola introduce the first commercial cellphone in 1973, and the first cellphone network in the early 1980s. When he first took control, Motorola’s annual sales stood at around $290 million. By the time he retired as chairman in 1990, however, that figure had ballooned to $10.8 billion. Galvin went on to serve on the company’s board of directors until 2001 and, though he may have departed, his impact certainly won’t be forgotten anytime soon. “We will continue to honor Bob Galvin’s legacy here at Motorola Mobility,” said current chairman and CEO Sanjay Jha. “He was committed to innovation, and was responsible for guiding Motorola through the creation of the global cellular telephone industry.” Robert “Bob” Galvin is survived by his wife of 67 years, four children, 13 grandchildren and ten great-grandchildren.

Continue reading Robert Galvin, former chairman and CEO of Motorola, dies at age 89

Robert Galvin, former chairman and CEO of Motorola, dies at age 89 originally appeared on Engadget on Fri, 14 Oct 2011 07:23:00 EDT. Please see our terms for use of feeds.

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VoodooPC. 3Com. And, perhaps most notoriously, Palm. The list of HP acquisitions grows by one today, with the purchase of UK information-software maker Autonomy, long a target of former HP chief Léo Apotheker. Apotheker, you may recall, was just ousted in favor of former eBay CEO Meg Whitman. The deal began during Apotheker’s tenure and went through with HP paying just about $10.4 billion for a controlling percentage of Autonomy stock. The UK firm will remain a separate unit, with Whitman saying, “Autonomy significantly increases our capabilities to manage and extract meaning from that data to drive insight, foresight and better decision making.” Something tells us she’s not the only one hoping for some better decision making. For full details on HP’s latest buy, check the source link.

HP pays $10.4 billion for controlling interest in Autonomy, which will remain autonomous originally appeared on Engadget on Mon, 03 Oct 2011 19:22:00 EDT. Please see our terms for use of feeds.

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Well, after less than a year on the job as HP’s top dog Leo Apotheker is out, and former eBay CEO and one time candidate for California governor Meg Whitman is in. The move was hardly unexpected, but it very quickly evolved from quiet mumblings and rumors to full-fledged fact this afternoon. It was initially expected that Whitman would only be stepping in as an interim solution — just another person passing through the revolving door at the entrance to the CEO’s office. But, Whitman, a current board member, is in for the long haul. She’s stepping in at a crucial and somewhat difficult time for the company that has seen its stock price plummet 47 percent, its $1.2 billion mobile OS flounder and is considering spinning off its PC business. She is no stranger to controversy (simply refer to her short tenure with Goldman Sachs) and was an integral part in growing eBay from a startup with just a couple of dozen staff members to one of the most popular destinations on the internet — so, at least she’s accustomed to having a few curve balls thrown her way.

In a statement, Whitman said, “I am honored and excited to lead HP. I believe HP matters – it matters to Silicon Valley, California, the country and the world.” The company also announced today that Ray Lane is moving from a non-executive chairman role to executive chairman of the board of directors, and that the board intends to appoint a lead independent director “promptly.” HP’s press release and some information from the company’s investor call announcing the decision are right after the break.

Continue reading HP names Meg Whitman new President and CEO, gives Leo Apotheker the boot

HP names Meg Whitman new President and CEO, gives Leo Apotheker the boot originally appeared on Engadget on Thu, 22 Sep 2011 16:06:00 EDT. Please see our terms for use of feeds.

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