IBM CEO Virginia Rometty takes on chairman title

Sep 25, 2012

(AP)—IBM President and CEO Virginia Rometty is taking on the added role of chairman, as Samuel Palmisano prepares to retire at the end of this year.

The said Tuesday that Rometty, 55, will take on the expanded role Oct. 1. Palmisano, 61, will serve as a senior adviser until he retires in December.

Rometty, the company's former chief, became IBM Corp.'s first female CEO in January. Joining the Armonk, N.Y.-based company in 1981 as an engineer, Rometty later was instrumental in the formation of IBM's business services division, including overseeing the $3.5 billion purchase of PricewaterhouseCoopers' consulting business in 2002.

IBM has sustained a nearly decade-long streak of as it shook off the economic jitters that have undercut several other technology companies.

Explore further: Court won't restore Oracle's $1.3B verdict vs. SAP

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Recommended for you

Chinese e-commerce rivals challenge Alibaba (Update)

10 hours ago

China's biggest property developer, Wanda Group, and Internet giants Baidu and Tencent unveiled a new e-commerce venture Friday in a challenge to industry leader Alibaba Group ahead of its U.S. stock offering.

Nigeria launches national identity card scheme

Aug 28, 2014

Nigeria's President Goodluck Jonathan on Thursday launched a national electronic identity card scheme, which backers said would boost access to financial and government services in Africa's most populous nation.

User comments : 0