As per reports, the International Business Machines Corporation (IBM) board has elected Arvind Krishna as the new chairman of the IBM board, effective January 1, 2021, succeeding the company’s executive chairman Virginia M. Rometty, who is retiring on December 31, 2020.
Mr. Krishna, 58, was appointed as IBM’s 10th CEO in January and assumed the position on April 6, 2020, after serving numerous senior leadership positions in the company. He fulfilled his role as IBM senior vice president for cloud and cognitive software, where he was a principal planner of the company’s acquisition of Red Hat. 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 term, she carried out bold strategic actions to reposition IBM for the hybrid cloud and artificial intelligence era, and revived 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.
Dow 30 component International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. To learn more about International Business Machines Corp (IBM) and to track its ongoing progress please visit the Vista Partners IBM Coverage Page.
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