Louis Gerstner, the man who saved IBM, dies at 83 — industry mourns the passing of transformative CEO

Louis Gerstner, the executive who engineered one of the most important corporate turnarounds in the history of the high-technology sector, died at the age of 83 on Saturday. Gerstner took control over IBM in 1993 when it was at the brink of breakup and bankruptcy, rebuilt the company into a services-led enterprise, and restored its strategic relevance by 2002. Multiple prominent high-tech leaders worked at IBM under Gertner’s leadership, spreading his skills across the industry nowadays.