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New CEO Named 'For The Next Era At IBM,' Company Says New CEO Named 'For The Next Era At IBM,' Company Says
New CEO Named 'For The Next Era At IBM,' Company Says A prominent IBM executive has been named as the company’s new chief executive officer. Arvind Krishna, IBM’s current Senior Vice President for Cloud and Cognitive Software, was announced as the company’s new CEO and member of its board of directors, effective as of Monday, April 6. Virginia Rommetty, IBM chairman, the company’s president and current CEO, will continue as executive chairman of the Board and serve through the end of the year, when she will retire after almost 40 years with the company. "I am thrilled and humbled to be elected as the next dhief executive officer of IBM, and a…

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by Zak Failla
Business
Manufacturer Acquires Facility In Hudson Valley, Will Invest $720M Manufacturer Acquires Facility In Hudson Valley, Will Invest $720M
Manufacturer Acquires Facility In Hudson Valley, Will Invest $720M A Fortune 500 company has pledged more than $700 million to expand its manufacturing operations in the Hudson Valley. ON Semiconductor announced that it will expand operations in New York by purchasing and preserving the existing GLOBALFOUNDRIES Fab 10 manufacturing facility in East Fishkill. The company committed an investment of more than $720 million over 10 years to establish its first 300mm chip manufacturing plant. "This is an exciting announcement for Dutchess County, and we are grateful to Empire State Development for brokering the expansion of ON Semiconductor, US-based, publicly t…

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by Zak Failla