US EditionLouis Gerstner, former IBM CEO who revitalized 'Big Blue,' dies at 83
Lou Gerstner led IBM's 1990s turnaround by refocusing on customer needs, cultural change, and restructuring, boosting stock value by 800%, IBM said.
- Arvind Krishna, IBM chairman and CEO, announced Louis V. 'Lou' Gerstner Jr.'s death on Sunday, saying `Lou arrived at IBM at a moment when the company's future was genuinely uncertain.`
- Arriving on April 1, 1993, Louis V. 'Lou' Gerstner Jr. took over as IBM CEO amid severe losses and rejected breaking up the company, reorganizing it around customer needs.
- Gerstner emphasized decision-making and accountability, ending IBM's 'cradle to grave' no-layoff policy, with company stock rising roughly 800% during his tenure.
- Many credit Gerstner's strategic moves with saving IBM, and after leaving he chaired the Carlyle Group while expanding philanthropic support for education and biomedical research.
- Gerstner's career from McKinsey & Company, American Express, and RJR Nabisco shaped his legacy, with influence extending through books, boards, and IBM education initiatives.
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He was one of the most influential leaders in the world of modern technology. He had a reputation for saving the computer company IBM from a major bankruptcy. American Louis Gerstner, an entrepreneur, manager and philanthropist supporting education and nature, has now died at the age of 83.
AMD's Lisa Su Pays Tribute To Former IBM CEO Lou Gerstner: An 'Amazingly Curious' Leader Who Shaped Her Early Career - Advanced Micro Devices (NASDAQ:AMD), IBM (NYSE:IBM)
Chipmaker Advanced Micro Devices Inc.'s (NASDAQ: AMD) CEO, Lisa Su, reflected on the influence of former IBM (NYSE: IBM) CEO Lou Gerstner on her early career, after the former tech executive died on Saturday, aged 83.
: Oversaw a significant resurgence in Big Blue’s fortunes during the dotcom era
Louis Gerstner was president of IBM in 1993 and 2002, years of decisive years in the history of the company that invented the personal computer. He died this Saturday at the age of 83.
Lou Gerstner, the former IBM chief credited with turning the company around, has died at 83
Lou Gerstner, the former CEO of IBM, has died at 83.James Leynse/Corbis via Getty ImagesLou Gerstner, who led IBM's turnaround in the 1990s, has died, the company told staff.He kept IBM intact and refocused it on customers during a period of crisis.Gerstner reshaped IBM's strategy and culture after years of decline.Lou Gerstner, the former CEO of IBM who led the company through one of the most consequential turnarounds in corporate history, died…
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