Louis Gerstner, former IBM CEO who revitalized 'Big Blue,' dies at 83
CNBC••business
Key Points:
- Louis Gerstner, former CEO and chairman of IBM, passed away at the age of 83, with IBM CEO Arvind Krishna announcing his death without disclosing the cause.
- Gerstner joined IBM in 1993 as its first outsider CEO, credited with rescuing the company from near bankruptcy by shifting its focus to business services and implementing major cultural and financial changes.
- Under his nine-year leadership, IBM's stock value increased by approximately 800%, and he retired as CEO in 2002 before serving as chairman of the Carlyle Group until 2008.
- Gerstner authored notable books on business and education, served on multiple corporate boards, and was deeply committed to public education and philanthropy through the
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