IBM announces CEO Arvind Krishna to additional role of Chairman of the Board of Directors

– USA, NY –  IBM (NYSE: IBM) today announced the election of CEO Arvind Krishna as Chairman of its board of directors, effective January 1, 2021.

Mr. Krishna, who is IBM’s CEO and a member of the board, succeeds Executive Chairman Virginia Rometty, who is retiring on December 31, 2020.

Mr. Krishna 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 SVP 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.

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