IBM’s Rometty Becomes First Woman Chairman Monday
By David Zielenziger | September 28, 2012 5:04 AM EST
International Business Machines Corp. (NYSE: IBM), where Virginia Rometty became its first woman CEO on Jan. 1, will promote her to chairman on Monday, when current Chairman Samuel J. Palmisano retires.
Rometty, 55, will become the first woman chairman of IBM, of Armonk, N.Y., in its 101-year history, when Palmisano, 61, retires as Chairman and director to become a “senior adviser” to the company. IBM is the No. 2 computer maker.
The promotion will make Rometty perhaps the top-ranked woman in U.S. technology. At the biggest computer maker, Hewlett-Packard Co. (NYSE: HPQ), CEO Margaret (Meg) Whitman, 56, reports to Chairman Ray Lane, 65. At Yahoo Inc. (Nasdaq: YHOO), new CEO Marissa Mayer, 38, reports to Chairman Fred Amoroso, 62, a onetime IBM senior manager.
IBM has two other women on its board: Joan Spero, 67, a former executive VP of American Express Co. (NYSE: AXP), and Shirley Ann Jackson, 65, a physicist and president of Renssalaer Polytechnic Institute.
IBM shares rose $2.61 to $206.59 in late Thursday trading.
To contact the editor, e-mail:
Most Popular Slideshows
- Derek Jeter With The New York Yankees Through The Years [IN PICTURES]
- George Clooney And Amal Alamuddin's Wedding In Venice: Photos Of Groom And His Family, Friends [Slideshow]
- NFL Recap - Week 4: Green Bay Packers 38, Chicago Bears 17 [PHOTOS]
- Melanoma Could Be Caused By Ageing Genes; Best Diet For Anti-Ageing; Celebrities Who Have Aged Gracefully
Join the Conversation
- Forget Nexus 6 Release Date, Android Phones Will Soon Showcase Pure Google Apps & Features
- Galaxy Note 4 Pre Order Starts in the US, Get Samsung Note Ahead of October 14 Release
- $249.99 Motorola Moto 360 Smartwatch's First Promo Out; 'Stone Leather' Replaces 'Gray Leather' - Available In BestBuy [Watch Video]
- BlackBerry Passport Sold Out As Preorders Reached 200,000
- iPhone 6 vs Moto G 2014: Motorola’s Budget Smartphone Takes On Apple’s Premium Smartphone
- iOS 8 And iOS 8.0.2 Security Flaw Revealed, Anyone Can Easily Bypass Touch ID And Passcode Security Features
- Australia Cracks Down On International Money Laundering Syndicate