REG-Intnl Bus. Mach Arvind Krishna Elected IBM Chairman

International Business MachinesAnnouncement

17/12/2020 07:00

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Arvind Krishna Elected IBM Chairman

 

The IBM (NYSE: IBM) board of directors has elected Arvind Krishna chairman of
the board, effective January 1, 2021. Mr. Krishna, who is IBM's chief
executive officer and a member of the board, succeeds IBM executive chairman
Virginia M. Rometty, who is retiring on December 31, 2020, as the company
previously announced in January of this year.

Mr. Krishna, 58, was elected IBM's 10th CEO in January, and assumed the
position on April 6, 2020 after holding numerous senior leadership positions
in the company, most recently as IBM senior vice president for cloud and
cognitive software, where he was a principal architect of the company's
acquisition of Red Hat. Recently, he announced the spin-off of IBM's $19
billion Managed Infrastructure Services business, to be completed in 2021,
which will create two industry-leading companies and enable IBM to focus on
its leading open Hybrid Cloud and Artificial Intelligence Platform. He joined
IBM in 1990 and became a director of the company in April.

Mrs. Rometty, 63, became IBM's chairman, chief executive officer and president
in 2012. During her tenure, she took bold strategic actions to reposition IBM
for the hybrid cloud and artificial intelligence era. She reinvented IBM's
portfolio, investing in high-value segments of the IT market, divesting $9
billion of businesses and growing new units organically and through
acquisition, including Red Hat, the largest acquisition in the company’s
history, to position IBM for long-term success. At the same time, she
established IBM as the industry's leading voice in technology ethics and data
stewardship, and her commitment to the reinvention of education for the
digital era led to the explosive growth of the six-year Pathways in Technology
Early College High Schools, or P-TECHs, which are helping prepare the
workforce of the future, serving hundreds of thousands of students in more
than 240 schools in 28 countries.



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IBM

Jonathan Adashek, 914-499-6606

jonathan.adashek@ibm.com (mailto:jonathan.adashek@ibm.com)


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