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International Business Machines Corp Chief Executive Officer Ginni Rometty will hand over the reins to the head of the company’s cloud business, as the pioneer tech company continues its efforts to rejuvenate itself.
The company was a late entrant to the business of cloud services, a segment now dominated by Amazon.com Inc and Microsoft Corp, and Rometty, a 40-year IBM veteran and one of the highest profile women in U.S. business, bet on acquisitions to cut the lead.
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