International Business Machines Inc. said its second-highest-ranking executive, Jim Whitehurst, is leaving the company two years after he joined through the $33 billion acquisition of cloud-software company Red Hat.
Mr. Whitehurst, who has held the title of president, will continue to serve as an adviser to the company after his departure, IBM said Friday.
When Arvind Krishna was named IBM chief executive in January 2020, Mr. Whitehurst became IBM’s first president in decades, as the company made a push to boost its cloud-computing business. Mr. Whitehurst was seen as a potential contender for the top job at IBM. The company didn’t name a new president Friday.
IBM’s shares fell about 4% following the news.
IBM also made a number of other executive moves. It said Bridget van Kralingen, a senior vice president overseeing sales operations, plans to retire. She is being replaced immediately by Rob Thomas, a longtime IBM employee, in her sales responsibility, while retaining special projects responsibility for another year until her retirement, the company said