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Virginia M. Rometty Elected IBM Chairman 2012.09.29

Armonk, N.Y., USA - September 25, 2012 - The IBM (NYSE: IBM) board of directors today elected Virginia M. Rometty chairman of the board, effective October 1, 2012. Mrs. Rometty succeeds Samuel J. Palmisano, who is stepping down from the board effective October 1, 2012. Mr. Palmisano will become Senior Adviser to the company until he retires on December 1, 2012. As of October 1, 2012, Mrs. Rometty's title will be IBM chairman, president and chief executive officer.

Samuel J. Palmisano, Chairman of the Board and Virginia M. Rometty, President and Chief Executive Officer IBM Corporation.
Courtesy of IBM
 

Armonk, N.Y., USA - September 25, 2012

The IBM (NYSE: IBM) board of directors today elected Virginia M. Rometty chairman of the board, effective October 1, 2012.

Mrs. Rometty succeeds Samuel J. Palmisano, who is stepping down from the board effective October 1, 2012.

Samuel J. Palmisano, Chairman of the Board and Virginia M. Rometty, President and Chief Executive Officer IBM Corporation.
Courtesy of IBM
 
Mr. Palmisano will become Senior Adviser to the company until he retires on December 1, 2012.

As of October 1, 2012, Mrs. Rometty's title will be IBM chairman, president and chief executive officer.

Mrs. Rometty, 55, is currently IBM's president and chief executive officer.

Virginia M. Rometty, President and Chief Executive Officer IBM Corporation
Courtesy of IBM
 
She succeeded Mr. Palmisano as IBM's ninth CEO in January of this year, after holding senior leadership positions in IBM's services, sales, strategy and marketing units.

Mrs. Rometty led the successful integration of PricewaterhouseCoopers Consulting - the largest acquisition in professional services history, building a team of more than 100,000 business consultants and services experts.

She became a director of IBM in January.

Mr. Palmisano, 61, became IBM chief executive officer in 2002 and chairman of the board in 2003.

Samuel J. Palmisano, Chairman of the Board IBM Corporation
Courtesy of IBM
 
During his tenure, IBM transformed its product and services portfolio, exiting commoditizing businesses, including PCs, printers and hard disk drives, and greatly increasing investments in analytics, cloud computing and other high-value businesses and technologies.


He has overseen the transformation of IBM from a multinational into a globally integrated enterprise.

During Mr. Palmisano’s tenure as CEO, IBM created over $100 billion of total shareholder value.


Contact information

Edward Barbini
IBM Media Relations

1 (914) 499-6565
barbini@us.ibm.com  


Source: IBM

http://www-03.ibm.com/press/us/en/index.wss  



ASTROMAN Magazine - 2012.09.15

IBM Scientists First to Distinguish Individual Molecular Bonds

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ASTROMAN Magazine - 2012.09.01

IBM Cloud to Deliver New Home Entertainment Services for Philips Smart TVs

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ASTROMAN Magazine - 2012.08.13

IBM Scientists "Waltz" Closer to Using Spintronics in Computing

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ASTROMAN Magazine - 2012.07.26

IBM to Power New Generation Radio Telescope and Help Probe the Origins of the Universe

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ASTROMAN Magazine - 2012.07.14

IBM Collaborates with Russian Innovation Giants to Boost Microelectronics Industry

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ASTROMAN Magazine – 2012.06.02

IBM Completes Acquisition of Vivisimo

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ASTROMAN Magazine – 2012.05.02

New IBM Business Integration Software Helps Enterprises Accelerate Adoption of Social Business, Cloud and Mobile Technologies

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ASTROMAN Magazine – 2012.04.01

IBM Increases Presence in Poland with New Branch Offices

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ASTROMAN Magazine – 2012.03.10

Made in IBM Labs: Holey Optochip First to Transfer One Trillion Bits of Information per Second Using the Power of Light

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ASTROMAN Magazine – 2012.03.03

IBM Forms Watson Healthcare Advisory Board

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ASTROMAN Magazine – 2012.01.06

European Commission Awards IBM for Energy Efficient 27 IBM Data Centers

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ASTROMAN Magazine – 2011.12.03

IBM to Produce Micron's Hybrid Memory Cube in Debut of First Commercial, 3D Chip-Making Capability

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ASTROMAN magazine


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